Bitcoin option interest reaches all-time high of $40 billion across all exchanges

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Bitcoin’s open curiosity has surpassed $40 billion for the primary time, in line with information from Coinglass. Complete open curiosity reached 593,020 BTC, equal to $40.65 billion, marking a brand new excessive within the crypto derivatives market.

Bitcoin open interest (Source: Coinglass) — Bitcoin open curiosity (Supply: Coinglass)

The Chicago Mercantile Change (CME) leads with an open curiosity of 180,750 BTC, valued at $12.37 billion and accounting for 30.42% of the entire. Binance follows with 122,890 BTC in open curiosity, price $8.43 billion and representing 20.73% of the entire. Different exchanges with notable open curiosity embody Bybit at $6.02 billion, Bitget at $4.04 billion, and OKX at $3.32 billion.

Over the previous 24 hours, whole open curiosity elevated by 2.19%, with Bitget experiencing a 2.60% rise and OKX a 1.47% improve. The general price change remained comparatively steady, indicating constant investor engagement in Bitcoin futures.

The elevated open curiosity displays ongoing curiosity in Bitcoin derivatives as traders navigate post-halving market circumstances, with Bitcoin worth simply 7% under its all-time excessive.

Analyst

Liam ‘Akiba’ Wright

Editor-in-Chief at CryptoSlate

Also referred to as “Akiba,” Liam Wright is a reporter, podcast producer, and Editor-in-Chief at CryptoSlate. He believes that decentralized know-how has the potential to make widespread constructive change.

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