A record high in open positions for Bitcoin futures contracts was reached on December 31, according to data from Coinglass. The total open position across the network stood at 649,820 BTC, valued at approximately $59.82 billion.
Leading Exchanges Drive Open Interest
The CME Bitcoin contract held the largest open position, with 189,880 BTC (approximately $17.43 billion) outstanding. Binance ranked second, with 129,980 BTC (approximately $11.98 billion) in open interest.
Market Analysis
The surge in open positions for Bitcoin futures contracts highlights growing investor interest in the cryptocurrency market. As the market continues to evolve, it will be essential to monitor these trends and their impact on the broader market.
Source: M.theblockbeats.info
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