Bitcoin futures open interest reaches ATH Insights BitcoinDerivatives
Bitcoin futures open interest reaches ATH
Institutional interest propels Bitcoin futures OI to record $39.37 billion post Bitcoin2024.
Bitcoin futures open interest (OI) reached an all-time high of $39.37 billion on July 29. The significant jump from the previous day’s OI of $37.49 billion follows Bitcoin’s spike to over $69,700 following the Bitcoin2024 conference in Nashville.
CME, having the highest OI at 161,100 BTC, shows significant institutional participation in the derivatives market. Binance, with the second-highest OI of 127,520 BTC, reflects an equally impressive retail interest in futures.
The rapid increase in OI, especially on platforms like Bybit and Bitget, shows a high level of speculative trading. Traders seem to be leveraging futures to capitalize on the price surge. Major crypto conferences often catalyze market enthusiasm; last week’s Bitcoin2024 was no exception. The bullish sentiment comes after President Donald Trump’s keynote speech and the subsequent announcement of a Bitcoin reserve plan for the US.
Analyst 
Andjela Radmilac
Armed with a classical education and an eye for news, Andjela dove head deep into the crypto industry in 2018 after spending years covering politics.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
CME Group
CME Group is a global markets company empowering participants to efficiently manage risk and capture opportunities in every major asset class..
Bybit
Bybit is a cryptocurrency derivative trading platform established in March 2018 and registered in the BVI.
Binance
Binance is a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies.
Bitget
Bitget is a Seychelles-based cryptocurrency exchange platform established in 2018 that provides services for trading various digital assets.