As of December 31, the total open interest in Bitcoin futures contracts across all trading platforms reached an impressive 649,820 BTC, valued at roughly $59.82 billion, according to data from Coinglass. The Chicago Mercantile Exchange (CME) leads the market, with its open interest totaling 189,880 BTC, equivalent to about $17.43 billion. This figure highlights the CME’s dominance in the Bitcoin futures space.

Following closely, Binance holds the second position with an open interest of 129,980 BTC, translating to approximately $11.98 billion. These figures reflect the growing institutional interest and market liquidity in Bitcoin derivatives, making them essential indicators for traders and investors alike. Tracking this data is crucial for understanding market trends and potential price movements within the cryptocurrency ecosystem.