BITCOIN FUTURES OPEN INTEREST SURGES TO RECORD $38 BILLION
- Open interest for $BTC TC futures hits an all-time high of $38 billion, signaling increased trading activity around the cryptocurrency.
- Daily open interest in bitcoin futures has more than doubled since the beginning of 2024, rising from approximately $17.2 billion on Jan 1.
- The surge in open interest corresponds with bitcoin's price surge to $70,000, marking a 66% increase year-to-date.
- $ETH TH futures also saw significant growth, with total open interest reaching $13.8 billion since the start of 2024, alongside a 53% year-to-date gain in Ether's trading price.
