Ethereum

Bitcoin

Billion

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Bitcoin futures’ open interest on centralized exchanges has hit a record high of $38 billion.</li>
 <li>Ethereum futures’ open interest has also seen a significant rise, reaching $13.8 billion.</li>
</ul>
<h2 id="bitcoin-futures-reach-new-heights">Bitcoin Futures Reach New Heights</h2>
<p>The open interest for <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> futures on centralized exchanges has reached an unprecedented level. The aggregated open interest hit a record of $38 billion last Friday.</p>
<p>Since the start of 2024, the daily open interest in Bitcoin futures has seen a dramatic rise. It has grown over 100% from $17.2 billion on January 1. This increase aligns with Bitcoin’s price jump to $70,000, marking a 66% surge year-to-date.</p>
<h2 id="open-interest-and-market-activity">Open Interest and Market Activity</h2>
<p>Open interest, a measure of the total value of all outstanding or unsettled Bitcoin futures contracts across exchanges, points to increased market activity and trader sentiment around a specific asset. The current open interest figure corresponds to a monthly volume of over $2.3 trillion in Bitcoin futures in March across various exchanges. This figure is the highest since May 2021.</p>
<p>Meanwhile, the total open interest for <a href="https://crypto.ro/en/cryptocurrencies/ethereum/" rel="noopener noreferrer nofollow">Ethereum</a> futures stands at $13.8 billion. This figure indicates a nearly 90% increase since the start of 2024. Ethereum’s trading price has reached $3,500, reflecting a gain of over 53% year-to-date.</p>
<p>In recent months, the launch of Bitcoin spot exchange-traded funds (ETFs) by firms, including BlackRock, has impacted market sentiment. This development has resulted in cumulative net inflows of over $12 billion into Bitcoin spot ETFs to date.</p>

Record-Breaking $38 Billion in Bitcoin Futures Open Interest Achieved

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