【CryptoQuant: Binance's Open Interest Surpasses 11.7 Billion USD, Reaching Historical High】According to a report by Jinse Finance, data tracked by CryptoQuant shows that Binance's open interest (OI) has reached a historical high, surpassing 11.7 billion USD. The open interest remains above the 50-day moving average, further confirming the upward momentum in the market. The derivatives market plays a crucial role in driving this upward trend, indicating that market interest and participation in cryptocurrencies is very high.