"The total open positions of Bitcoin contracts across the entire network have soared to $61.52 billion. Is a major change coming to the market?"
Latest data shows that as of December 25, the total number of open contracts in the Bitcoin futures market has reached 622,360 BTC, approximately $61.52 billion. This figure indicates strong demand for Bitcoin futures in the market, and the distribution of shares among major exchanges reveals the influence of different platforms.
Among these open contracts, CME (Chicago Mercantile Exchange) leads the way with open positions of 193,580 BTC, about $19.09 billion, showcasing its strong appeal among institutional investors. Following closely is Binance, with open positions of 127,470 BTC, around $12.6 billion, proving its wide influence among retail investors.
These two exchanges hold a large portion of the Bitcoin futures market, reflecting the participation of different investor groups. As the Bitcoin market continues to evolve, this data may signal changes in future price volatility and market sentiment.
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