Binance’s open interest up by 10% as Bitcoin trading fervor hits 3-month high

Binance’s open interest up by 10% as Bitcoin trading fervor hits 3-month high
фото показано с : cryptoslate.com

2023-11-9 14:15

Quick Take

Bitcoin futures open interest has witnessed a considerable surge, marking a positive shift in the cryptocurrency market. Data from Coinglass reveals a 9% increase in the past 24 hours alone, showcasing a soaring interest in Bitcoin trading contracts. This equates to 488,000 Bitcoin in open interest contracts or a notional value of around $18 billion. The open interest expressed in Bitcoin has reached its peak since August.

Graph showing the open interest on Bitcoin futures from March to November 2023 (Source: Coinglass)

A closer look at the leading exchanges shows that Binance saw a 10% increase in open interest, closely followed by CME with a 5% rise, which hit a new all-time high of 120,000 Bitcoin.

ByBit and Deribit saw more modest increases, 4% and 1%, respectively, while OKX and Bitget reported surprisingly high leaps of 11% and 32%.

The gap between Binance and its nearest competitor, CME, now stands at approximately 6,000 Bitcoin, indicating a competitive landscape, yet one that remains dominated by a few key players.

Exchange Open Interest in Bitcoin 24h Change Binance 120k BTC 10% CME 111k BTC 5% ByBit 78k BTC 4% OKX 56k BTC 11% Bitget 38k BTC 32% Deribit 31k BTC 1%

Table showing the 24-hour change in Bitcoin futures open interest on top exchanges on Nov. 9, 2023 (Source: Coinglass)

 

The post Binance’s open interest up by 10% as Bitcoin trading fervor hits 3-month high appeared first on CryptoSlate.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Bitcoin Interest (BCI) на Currencies.ru

$ 0 (-1.38%)
Объем 24H $0
Изменеия 24h: 0.44 %, 7d: 1.22 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0055889 (-100%)

interest bitcoin trading open data coinglass cryptocurrency

Источник: cryptoslate.com

interest bitcoin → Результатов: 126


Best crypto to buy now as Bitcoin price rallies on US interest rate cuts

The flexibility of Bitcoin to adjust to shifting global monetary conditions is obviously shown in the most recent reductions in U.S. interest rates, which have given it a discernible boost. This recovery has increased market confidence and refocused attention on cryptocurrencies as a long-term store of wealth as well as a hedge against inflation. While […]

2025-9-19 11:13


Bitcoin’s search interest higher than President Donald Trump; Twitterverse divided on Facebook’s Libra

Coinbase’s new research report dubbed, “The United States of Crypto,” gave the community an insight into growing crypto-awareness in the USA. This report was validated by the fact that recent Google Trends data suggested that search interest for Bitcoin surpassed the likes of several A-list celebrities, including Kim Kardashian.

2019-7-5 16:00


A New Bitcoin ETF Hopeful is Many Moons Away, But You Don’t Have to Wait for Bitcoin Interest Accounts Now

The dream of cryptocurrencies replacing bank just got a step closer. This Tuesday BlockFi has launched a crypto deposit account that provides compound interest. The BlockFi Interest Account (BIA) is now live and gives customers an annual interest rate of 6 percent, paid on a monthly basis in cryptocurrency. That monthly interest is then compounded […]

2019-3-7 18:19


Фото:

The Dangers of Russian Hackers’ Bitcoin Trail

Context The controversy around possible Russian interference in the 2016 presidential election became a constant in the US public discourse even before the campaign itself has concluded. The scope of its interest includes everything related to the alleged Russian interference in the 2016 election, including the Trump campaign’s possible cooperation and coordination with Russians. The

2018-7-17 01:12


Фото:

BlackRock CEO Contradicts Report of $6 Trillion Interest in Bitcoin (BTC)

Cryptocurrency–’Confusing’ is the only way to characterize the turn of events out of BlackRock in relation to cryptocurrency this morning. While the original report by Financial News (fnlondon) had it that BlackRock, the world’s largest exchange-traded fund (ETF) provider was setting up shop to assess the potential of offering a Bitcoin-related fund, CEO Larry Fink […] The post BlackRock CEO Contradicts Report of $6 Trillion Interest in Bitcoin (BTC) appeared first on Ethereum World News.

2018-7-16 19:14


Bitcoin’s corrective rally is struggling to gain momentum as trading volumes drop to the lowest levels since late last year. The leading cryptocurrency remained bid over the weekend as expected, courtesy of Thursday’s strong reversal from

The leading cryptocurrency remained bid over the weekend as expected, courtesy of Thursday’s strong reversal from the two-week lows. However, so far, the break above $6,400 has remained elusive, likely due to low investor interest.

2018-7-16 16:16


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Yuga Labs rescues $570,000 in NFTs after Floor Protocol exploit

Yuga Labs has rescued about $570,000 worth of NFTs after an exploit affected Floor Protocol on Sunday. The team behind Bored Ape Yacht Club said the operation removed exposed assets before another actor could drain them. The rescued items included…

Yuga Labs CEO defends Bored Ape price comeback

Bored Ape floor prices have doubled in a month as Yuga Labs CEO Michael Figge says blue-chip NFTs were oversold. Bored Ape Yacht Club floor prices have doubled over the past month, climbing from around 5 ETH to over 10…

Yuga Labs sheds NFT icons as it doubles down on Apes and Otherside

After acquiring some of the NFT world’s biggest names, Yuga Labs is now offloading CryptoPunks, Moonbirds, and other brands as the market faces ongoing challenges. Yuga Labs has recently started slimming down, handing over IP rights to several NFT collections…

Yuga Labs sells CryptoPunks rights to Infinite Node Foundation

Yuga Labs, the Web3 company behind Bored Ape Yacht Club, has sold the intellectual property rights of the CryptoPunks NFT collection to the Infinite Node Foundation.  The move, announced by the foundation on Tuesday, marks a significant shift for one…