The total BNB contract volume across the network increased to approximately 2,369,000 contracts, with the holding value surpassing $2.513 billion, reaching a historical peak with an increase of 24.92% in the last 24 hours.
The data shows that Binance is leading with 990,800 contracts ($1.052 billion, +10.79% 24h), followed by Bybit with 260,600 contracts ($276 million, +17.69% 24h). Data from Coinglass shows that the flow momentum is concentrated on the BNB contract.
- Total BNB contracts reached ~2,369,000, holding value 2.513 billion USD, setting a historical high.
- Binance holds the most: 990,800 contracts, worth $1.052 billion, up 10.79% in 24 hours.
- Bybit followed with 260,600 contracts worth $276 million, up 17.69% in 24 hours.
Coinglass Data Overview
Coinglass data shows that the total volume of BNB contracts on the network increased to about 2,369,000 contracts, with a market capitalization of about $2.513 billion, reaching a historical peak.
The 24.92% growth in 24 hours shows strong inflows into BNB contract positions. The figure reflects both new contract volume and market value fluctuations in BNB, which need to be monitored continuously to assess sustainability.
Analysis by floor
Binance
Binance currently holds 990,800 BNB contracts, equivalent to a holding value of approximately $1.052 billion, up 10.79% in 24 hours.
Binance's large holdings suggest that the exchange remains the main focus for BNB positions. The 10.79% increase may reflect both leverage activity, high liquidation , and changes in trader positions on the exchange.
Bybit
Bybit recorded 260,600 BNB contracts, with holdings worth around $276 million, up 17.69% in 24 hours.
The 17.69% increase shows that Bybit has a faster position increase in terms of % than Binance, but the absolute size is still smaller. This could be due to short-term Capital flows or changes in traders' strategies on Bybit.
Implications for the market
The sharp increase in total contract volume and holdings indicates increased interest in BNB contracts, which could increase short-term price volatility and impact liquidation on major exchanges.
It is necessary to combine contract data with spot prices, volume , and liquidation orders to better understand the actual impact on BNB price and systemic risk.
Frequently Asked Questions
Does the increase in BNB contract volume mean that BNB price will increase?
Increasing contracts indicate increased trading sentiment but does not guarantee price increase; need to XEM Longing/ Short positions, liquidations and spot price data to evaluate.
Is Coinglass data reliable?
Coinglass is a popular data source for Derivative; it is still advisable to cross-check with Order Book data and exchange reports for confirmation.
What usually causes a sharp increase in data within 24 hours?
Usually due to large inflows/outflows, market news, liquidation changes or trader leverage activity that drives contract positions.
How to check each floor in detail?
Directly access the platform's data set (e.g. Coinglass) and compare reports by exchange, over time to verify trends.
