![Record-breaking open interest on CME shows growing market activity](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2023/11/bitcoin-2.jpg&w=70&h=37&q=75)
Quick Take
The open interest in Bitcoin โ the total value in U.S. dollars of all open futures contracts โ is experiencing a noticeable uptick, indicating a rise in market activity. Currently, the open interest in Bitcoin is quite substantial, amounting to 435,000 BTC, corresponding to a market value of over $15 billion.
![Bitcoin open Interest: (Source: Coinglass)](https://cryptoslate.com/wp-content/uploads/2023/11/OL.png)
The CME exchange, preferred by institutional investors, has achieved a new record in open interest, with 105,380 BTC contracts open, valued at $3.68 billion. Binance has edged past this figure with open interest of approximately 113,500 BTC.
This trend points to increasing involvement in Bitcoin futures, hinting at either a positive shift in market mood or a move towards protective strategies by investors.
![Bitcoin open Interest: (Source: Coinglass)](https://cryptoslate.com/wp-content/uploads/2023/11/CME3.png)