Binance OI Hits All-Time High, Bullish Sign or Risk Ahead?

The post Binance OI Hits All-Time High, Bullish Sign or Risk Ahead? appeared first on Coinpedia Fintech News

In the past 24 hours, Binance has set a new record as the market sentiment shifts and Bitcoin (BTC) the world’s largest digital asset, hit its all-time high.

Amid this bullish market sentiment, the on-chain analytics firm CryptoQuant shared a post on X (Previously Twitter) that the net open interest (OI) on Binance the world’s largest cryptocurrency has skyrocketed by 12.24% and reached an all-time high of $8.3 billion.

Binance OI Reaches New ATH of $8.3 Billion

“Open Interest across all exchanges—including Binance—stands at $23.3 billion, marking a new ATH. This means Binance alone accounts for around 35% of all global futures positions.” – By @burak_kesmeci

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