Open Interest in Bitcoin Futures Reaches a Yearly High
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Open interest in Bitcoin futures on centralized exchanges has recently reached its highest point of the year, surpassing levels last recorded in November 2021. This demonstrates a significant increase in trading activity around the crypto.

According to CoinGlass, overall open interest for Bitcoin futures reached $22.9 billion on Monday, a level last seen in the last quarter of 2021. This is close to the previous high of approximately $24 billion during that period.

Since the start of 2024, open interest for Bitcoin futures has increased by more than 30%, coinciding with the rise in the Bitcoin price to $52,300.

In comparison, total open interest for Ether futures currently stands at $10.5 billion, which is a significant increase of 50% since the beginning of 2024.

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