Coinglass data: BTC contract holdings in all exchanges are approaching $55 billion in U.S. dollars, setting a new record high

According to Coinglass data, the BTC contract open interest across exchanges, valued in US dollars, is approaching $55 billion, a new all-time high, with CME futures open interest at around $18 billion and Binance reaching $10.6 billion. Calculated in BTC terms, the current BTC contract open interest across exchanges is 606,000 BTC, about 11.9% lower than the October 21, 2021 peak of 678,000 BTC. It is worth noting that while the US dollar-denominated value is continuously setting new highs, the Binance contract open interest, calculated in BTC terms, is around 118,500 BTC, about 80% lower than its peak of 213,700 BTC.