Today, Bitcoin’s open interest (OI) on derivatives exchanges reached over $24.7 billion, marking the highest level in the past 30 days. This surge in OI suggests strong conviction among traders amidst ongoing market volatility and trends in adoption. Major derivatives platforms such as Binance and Bybit play a significant role in this space by driving substantial liquidity in Bitcoin futures trading.
Bitcoin’s derivatives open interest hits $24.7B, highest in 30 days
