๐ฐ Bitcoin futures open interest reaches new high at $38 billion
Open interest for bitcoin futures on centralized exchanges has reached a fresh high, indicating increased trading activity around the largest cryptocurrency by market capitalization. Since the start of 2024, daily open interest in bitcoin futures has increased by more than 100% from Jan 1, when it was approximately $17.2 billion. This rise coincides with bitcoinโs price surge to $70,000 โ a 66% increase year-to-date.