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According to Coinglass data, the open position of bitcoin futures contracts on the entire network amounted to 598,700 BTC ($43.326 billion), a one-day surge of $2.326 billion, a record high.
The CME bitcoin contract ranked first with an open position of 172,300 BTC ($12.445 billion);
Binance ranked second with an open position of 127,000 BTC ($9.194 billion) in bitcoin contracts.
High open interest can lead to increased volatility, especially as contracts near expiration. Traders may be eager to close, roll over, or adjust positions, which can lead to large price swings. 0 reply
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