Open interest in Bitcoin futures reached $BTC , updating ATH.
The figure exceeded $64 billion.
The price of the first cryptocurrency is approaching the $100,000 mark.
On November 21, 2024, open interest (OI) in Bitcoin futures reached an all-time high of $64.30 billion, according to CoinGlass.
The OI level for Bitcoin futures in the market. Source: CoinGlass.
Over the past 24 hours, the largest increase in OI for Bitcoin futures was recorded on the BingX platform — 26.62%. At the Chicago Mercantile Exchange (CME), the figure rose by 7.86%. On the cryptocurrency exchanges Binance and Bybit, interest increased by 6.62% and 3.28%, respectively.
According to CoinGlass, open interest in Bitcoin is the total number of active futures or options contracts on Bitcoin that have not yet been executed. This figure reflects the amount of funds invested in Bitcoin derivatives at a specific moment.
It is noteworthy that open interest in Bitcoin futures at CME reached nearly $21.25 billion, a historical maximum. The figure increased by about a third after Donald Trump's victory in the US presidential election. At Binance, the level exceeded $12 billion.
