Record-breaking open interest on CME shows growing market activity Quick Take
The open interest in Bitcoin – the total value in U.S. dollars of all open futures contracts – 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.
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.
Analyst 
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
In this insight
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
