{"id":10826,"date":"2024-02-20T09:40:29","date_gmt":"2024-02-20T07:40:29","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-futures-open-interest-reaches-november-2021-levels\/"},"modified":"2024-02-20T09:40:29","modified_gmt":"2024-02-20T07:40:29","slug":"bitcoin-futures-open-interest-reaches-november-2021-levels","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-futures-open-interest-reaches-november-2021-levels\/","title":{"rendered":"Bitcoin Futures Open Interest Reaches November 2021 Levels"},"content":{"rendered":"<p>The total open interest in bitcoin futures on centralized exchanges has risen to levels not seen since early November 2021, according to data from <a href=\"https:\/\/www.coinglass.com\/BitcoinOpenInterest\">CoinGlass<\/a>.<\/p>\n<p><!--more--><\/p>\n<p>On February 20, the combined figure reached $22.69 billion. The regulated exchange <span data-descr=\"Chicago Mercantile Exchange\" class=\"old_tooltip\">CME<\/span> leads with $6.77 billion. Binance accounts for $5.89 billion, and Bybit for $4.04 billion.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"366\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/OI_CoinGlass-1024x366.png\" alt=\"OI_CoinGlass\" class=\"wp-image-226368\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/OI_CoinGlass-1024x366.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/OI_CoinGlass-300x107.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/OI_CoinGlass-768x275.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/OI_CoinGlass.png 1361w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: CoinGlass.<\/figcaption><\/figure>\n<p>Amid the cryptocurrency&#8217;s rise since the beginning of the year, open interest (OI) in bitcoin futures has increased by more than 30%.<\/p>\n<p>The corresponding figure for Ethereum-based contracts is approaching $10 billion.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"320\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/EtherOI-1024x320.png\" alt=\"EtherOI\" class=\"wp-image-226369\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/EtherOI-1024x320.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/EtherOI-300x94.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/EtherOI-768x240.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/EtherOI.png 1362w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/www.coinglass.com\/BitcoinOpenInterest\">CoinGlass<\/a>.<\/figcaption><\/figure>\n<p>Since the start of the year, the total OI has grown by 50%. During the same period, Ethereum has appreciated by approximately 25%.<\/p>\n<p>According to analysts from <a href=\"https:\/\/www.theblock.co\/post\/277993\/bitcoin-futures-open-interest-highest-level-since-november-2021\" title=\"The Block\">The Block<\/a>, open interest serves as an indicator of market activity and trader sentiment regarding a specific asset. <\/p>\n<p>Back in autumn, CME overtook Binance to become the largest platform by OI.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The total open interest in bitcoin futures on centralized exchanges has risen to levels not seen since early November 2021, according to data from CoinGlass.<\/p>\n","protected":false},"author":1,"featured_media":10825,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,46,609],"class_list":["post-10826","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-ethereum","tag-futures"],"aioseo_notices":[],"amp_enabled":true,"views":"34","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/10826","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=10826"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/10826\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/10825"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=10826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=10826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=10826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}