CoinScoopBinance Bitcoin Open Interest Hits $10 Billion, Reaching 6-Month High
According to CryptoQuant analyst Darkfost, Binance's Bitcoin open interest has surged nearly 8% in the last 24 hours, exceeding $10 billion for the first time in six months as the price of BTC returned to approximately $82,000. The open interest in BTC terms has climbed to 125,830 BTC, suggesting that the growth is driven by more than just price appreciation. Binance currently accounts for over 37% of the total market's Bitcoin open interest. Darkfost noted that while speculative capital inflows may drive short-term price gains, there is currently no signif
Summaries are written by AI from the original article. Not investment advice.