Bitcoin's open interest reached a record high of 72 billion dollars.

[Bitcoin open interest hits all-time high of $72 billion] The total open interest of Bitcoin futures rose to a record $72 billion on May 20, an 8% increase from $66.6 billion a week earlier. "Institutional demand remains the main driver of this leverage," with the Chicago Mercantile Exchange (CME) leading at $16.9 billion, followed by CEX with $12 billion. CoinGlass estimates that the largest batch of liquidations in short positions is concentrated between $107,000 and $108,000, totaling about $1.2 billion.

View Original
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments