"The total open interest of Bitcoin contracts across all platforms has soared to $61.52 billion. Is a major change in the market on the horizon?"
Latest data shows that as of December 25, the total open contracts in the Bitcoin futures market reached 622,360 BTC, approximately $61.52 billion. This figure indicates strong demand for Bitcoin futures, and the distribution of shares among major exchanges reveals the influence of different platforms.
Among these open contracts, CME (Chicago Mercantile Exchange) leads with open interest of 193,580 BTC, approximately $19.09 billion, showcasing its strong appeal among institutional investors. Following closely is Binance, with open interest of 127,470 BTC, approximately $12.6 billion, demonstrating its wide influence among retail investors.
These two exchanges occupy a large portion of the Bitcoin futures market and reflect 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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