Overview
- CoinGlass data show total Bitcoin futures and perpetual open interest rose about 5.92% in a day to $57.621 billion.
- Bitcoin’s spot price held near $78,000 as this increase took place, which points to leverage growing faster than real buying.
- Risk is concentrated on a few venues, with Binance at about $10.55 billion, Gate at $5.32 billion, Bybit at $4.73 billion, and OKX at $3.35 billion.
- Open interest is closing in on the ~$60 billion zone that in prior cycles has come before rapid, liquidation‑driven price moves.
- Open interest tracks the value of contracts still open, so a sharp rise usually means more traders added leveraged bets rather than buying coins outright.