Bitget and CME stand out in increasing their share of Open Interest, while Binance and Bybit have seen a decline in recent days.
The significant growth in Bitget's share reflects not only its global expansion but also its leadership in providing innovative DApp and Web3 solutions, attracting investors looking for the next frontier of decentralization in cryptocurrencies.
Meanwhile, CME continues to lead the Open Interest market in 2024, driven by institutional trading and long-term strategies, highlighting its central role in the leveraged positions market.
With Bitcoin's total Open Interest approaching $39 billion, the immense growth since the end of 2022, when it was around $10 billion, is undeniable. This reflects a growing interest from investors in leveraged positions, which makes the future scenario more uncertain and volatile. On the other hand, this increase demonstrates the market's maturation and the influx of more capital into cryptocurrencies.