On Friday, March 29, 2024, the mixed open curiosity in bitcoin futures reached a brand new all-time peak of $37.55 billion. This uptick happens amid buoyant bitcoin markets and a rising attraction from institutional traders.
Bitcoin Futures Open Curiosity Reaches Unprecedented $37.55 Billion
Because the shut of 2023, curiosity in bitcoin (BTC) derivatives has escalated, reaching new peaks. As of 1:25 p.m. Japanese Time on Friday, knowledge from coinglass.com reveals that BTC futures boast an open curiosity (OI) of $37.55 billion, equal to roughly 539,430 BTC.
A big $11.5 billion of this sum originates from CME Group, positioning it because the main derivatives buying and selling platform when it comes to BTC futures. Binance is subsequent with $8.22 billion in OI, adopted by Bybit with $5.29 billion, Bitget with $3.82 billion, and Okx with $3.13 billion. Deribit and Bingx maintain OI starting from $1.74 billion to $2.63 billion, respectively.
Ethereum (ETH) futures, whereas not reaching their peak, have additionally skilled a notable improve in OI just lately. At present, there’s $13.68 billion in OI for ether-based futures on Friday. Throughout all cryptocurrency futures, the full OI stands at $78 billion, marking a slight lower of two.46% from the day past.
What do you consider bitcoin futures open curiosity reaching new heights this week? Share your ideas and opinions about this topic within the feedback part under.
