Bitcoin futures open interest tops $21 billion, highest since November 2021

According to CoinGlass data, the nominal value of outstanding contracts, which is the dollar value locked in open or active Bitcoin (BTC) futures contracts, has risen to a 26-month high. As of writing this article, the outstanding contracts for perpetual contracts and standard futures exceed $21 billion, with the Bitcoin spot market trading at $49,570. The number of outstanding contracts this year has increased by 22%, approaching the record of $24 billion set in mid-November 2021 when the Bitcoin trading price exceeded $65,000.

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