đ Bitcoin and Ethereum contract market open interest observation
According to the latest data from Coinglass, the total open interest of Bitcoin contracts on the entire network is 550,900 BTC (about 34.744 billion US dollars), with a 24-hour decline of 1.33%. Among them, the open interest of CME Bitcoin contracts is 160,500 BTC (about 10.114 billion US dollars), ranking first; the open interest of Binance Bitcoin contracts is 120,300 BTC (about 7.583 billion US dollars), ranking second.
At the same time, the open interest of Ethereum contracts is not to be outdone. The total open interest of Ethereum options contracts on the entire network is 4.6478 million ETH (about US$11.858 billion), with a 24-hour increase of 1.27%. Among them, the open interest of Binance Ethereum contracts is 1.3835 million BTC (about US$3.527 billion), ranking first; the open interest of Bybit Ethereum contracts is 808,100 BTC (about US$2.059 billion), ranking second.
These data tables show that despite some market fluctuations, the open interest of major exchanges remains at a high level, which may indicate that investors' confidence in the cryptocurrency market remains firm. However, investors still need to consider broader market factors and personal risk tolerance when making trading decisions.
đ Do you think these open positions will have an impact on the short-term price trend of Bitcoin and Ethereum? Will it serve as a criterion and basis for your entry and exit of short-term investments?
