Global Bitcoin Futures Open Interest Surges by 9.03% in a Single Day to Reach $43.855 Billion, Setting a New All-Time High

BlockBeats News, November 6th, according to Coinglass data, the total open interest of Bitcoin futures contracts on the entire network is 593,400 BTC (approximately $43.855 billion), a daily increase of 9.03%, reaching a new all-time high.

The open interest of CME Bitcoin contracts is 162,400 BTC (approximately $11.989 billion), ranking first;

The open interest of Binance Bitcoin contracts is 124,500 BTC (approximately $9.195 billion), ranking second.

High open interest in contracts may lead to increased volatility, especially as the contracts approach expiration. Traders may be eager to close positions, rollover contracts, or adjust positions, which may cause significant price fluctuations.