Crypto News – Indicating heightened trading activity surrounding the biggest cryptocurrency, open interest for Bitcoin BTC futures on centralized exchanges has reached a new high for the year, levels not seen since November 2021.
Rise in Bitcoin Futures Open Interest: Since November 2021, Numbers Haven’t Rallied This High
CoinGlass reports that on Monday, the total open interest in Bitcoin futures hit $22.9 billion, the biggest since the last quarter of 2021, and it was quite close to the peak of roughly $24 billion at that time.
The open interest in Bitcoin futures has climbed by almost 30% since the beginning of 2024. This gain corresponds with the price of Bitcoin, which has risen to $52,300, a 23% increase year to date and a level last seen in December 2021. At $10.5 billion, the total open interest for Ether futures is a 50% gain since the start of 2024. With a gain of more than 27% so far this year, the trading price of ether has increased to $2,900.
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