According to Coinglass data, the open interest (OI) of Bitcoin (BTC) futures on the Chicago Mercantile Exchange (CME) has risen to $4.1 billion, making it the largest Bitcoin futures trading platform. Binance’s futures open interest is $3.8 billion, ranking second.
In terms of BTC, CME’s Bitcoin futures open interest continues to hit historical highs, reaching 111,000 BTC.
Bitcoin prices rose to nearly $38,000 on Thursday night, but then sharply retreated within 2 hours, falling below $36,000, with the trading price reaching $36,750 at the time of writing.
Possibly influenced by the news of BlackRock submitting an Ethereum spot ETF application, the price of Ethereum (ETH) surged 10% in the past 12 hours, breaking through $2,100. Coinglass data shows that the total ETH open interest across the network is $7.89 billion, with a nearly 15% increase in trading activity over the past 24 hours.
The sharp fluctuations in the prices of Bitcoin and Ethereum have led to approximately 148,000 liquidations within the past 24 hours, with a total liquidation amount of $446 million across the network, clearing out $220 million in long positions and approximately $225 million in short positions.