Bitcoin futures open interest reaches new high at $38 billion
Open interest for bitcoin futures on centralized exchanges has reached a fresh high, indicating increased trading activity around the largest cryptocurrency by market capitalization.
Since the start of 2024, daily open interest in bitcoin futures has increased by more than 100% from Jan 1, when it was approximately $17.2 billion.
This rise coincides with bitcoin’s price surge to $70,000 — a 66% increase year-to-date.
