The unsettled Bitcoin futures have broken through 21 billion US dollars, the highest since November 2021

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Bitget2024/02/14 06:53

According to data from CoinGlass, the nominal open interest, i.e., the dollar value locked in unliquidated or active Bitcoin (BTC) futures, has risen to a 26-month high. As of writing this article, the open interest of perpetual contracts and standard futures exceeds $21 billion, with the spot market trading price for Bitcoin at $49,570. The number of open futures this year has increased by 22%, close to the record $24 billion set when Bitcoin's trading price exceeded $65,000 in mid-November 2021.

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