Summary
As of writing, the open interest in bitcoin perpetuals and standard futures is over $21 billion, with bitcoin trading at $49,570 in the spot market. This marks a 22% increase in open interest compared to last year, approaching the record high of $24 billion in mid-November 2021 when bitcoin was trading above $65,000.
Key Points
1. As of writing, open interest in perpetuals and standard futures is over $21 billion, indicating a significant level of trading activity in the cryptocurrency market.
2. The open interest tally has increased by 22% this year, showing a growing interest and participation in the market.
3. The previous record for open interest was reached in mid-November 2021, when bitcoin traded above $65,000, suggesting that the current level of open interest is approaching that record.