The cryptocurrency market continues to move. According to Coinglass data on October 13 Bitcoin 
$62,792 The total open interest in futures transactions increased to 55 thousand 213 thousand BTC. The total dollar equivalent of this amount is approximately 34.63 billion dollars. The contributions of major exchanges such as CME and Binance to open interest are carefully monitored to understand the current state of the market. The increase in market volume indicates that investors’ interest in Bitcoin continues.
CME is the Leader, Binance is Following
According to Coinglass data CME The exchange leads the way in Bitcoin futures transactions with an open interest of 15 thousand 663 thousand BTC. This amount corresponds to approximately 9.81 billion dollars. The fact that CME is in a leadership position is considered an indicator of the intense interest of institutional investors.
Binance It ranks second with open interest of 12 thousand 185 BTC (approximately 7.64 billion dollars). Since Binance’s daily transaction volume is high, the activity of individual investors in the cryptocurrency exchange stands out.
Market Risks and Possible Opportunities
High levels of open interest in Bitcoin futures may lead to potential price fluctuations in the market. The increase in open interest is one of the biggest concerns for investors in the future. cryptocurrencyIt shows that a significant movement is expected in the price of . However, this also brings market risks.
In particular, sudden changes in the price of Bitcoin can affect large open investor positions and cause liquidations. Investors have to pay more attention to market monitoring by taking such risks. For this reason, major exchanges such as CME and Binance open interest data is considered an important reference when determining investment strategies.
The latest figures on Bitcoin futures indicate that the largest cryptocurrency may remain active in the coming days. Following the course of open interest is very important for both individual and institutional investors.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
