Data: The number of Bitcoin open contracts increased by over 20,000 BTC in a single day, marking the largest increase since June 3

ChainCatcher news, the open interest in Bitcoin futures increased by over 20,000 BTC in a single day, marking the largest single-day increase since June 3. The total open interest in Bitcoin has reached $42.6 billion.

Contracts offered by the Chicago Mercantile Exchange (CME) surged 9% in 24 hours, with an open interest of 171,700 BTC, valued at over $12.22 billion, giving CME a dominant position with 30% of the futures open interest market.

High open interest may lead to increased volatility, especially as contracts approach expiration. Traders may rush to close positions, roll over, or adjust their positions, which can result in significant price fluctuations.