Bitcoin open interest contracts hit a record high of US$72 billion
According to online reports, the total open interest in bitcoin futures rose to a record $72 billion on May 20, up 8% from $66.6 billion a week ago. "Institutional demand remains the main driver of this leverage," with the Chicago Mercantile Exchange (CME) leading with US$16.9 billion, followed by Binance, holding US$12 billion. CoinGlass estimates that the largest liquidation of short positions is concentrated at $107000 to $108000, totaling approximately $1.2 billion.
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