Bitcoin futures open interest reaches an all-time high

ChainCatcher message, the total open interest in Bitcoin futures has reached a new high, paving the way for a potential revolution in the cryptocurrency market. Coinshares' research director James Butterfill recently shared a key chart on the X platform, highlighting that the total number of Bitcoin futures contracts on the CME has hit an all-time high. The latest data shows that many other major exchanges have also seen significant increases in Bitcoin futures open interest over the past 24 hours. Notably, Coinbase's Bitcoin futures open interest has dropped by 37.40% in the past 24 hours, raising questions about market strategy divergence.