Bitcoin Futures Open Interest Dips to $56.6 Billion
Bitcoin futures open interest has dropped significantly to $56.6 billion, reflecting a decline that began at the start of 2025. This marks a return to levels last seen in November after a series of fluctuations.
Data reveals that on January 3, Bitcoin (BTC) open interest reached a low of $56.03 billion, the lowest in two months. Despite a brief recovery the previous day when it reached over $57 billion, open interest has since fallen back to $56 billion.
Throughout December, Bitcoin’s open interest had been on an upward trajectory, peaking at an all-time high of $68.13 billion on December 18. The Chicago Mercantile Exchange (CME) was a key player in this surge, contributing approximately $22.7 billion.
After approaching the $70 billion mark, Bitcoin open interest has faced a downward trend, particularly noticeable on January 1 when it fell to $56 billion.
Open interest is a critical metric for gauging the volume of futures contracts linked to Bitcoin on crypto exchanges. A larger open interest indicates heightened demand and potential liquidity for the asset.
Currently, Bitcoin open interest has struggled to reclaim the $60 billion threshold, reverting to the previous all-time high of $57 billion recorded on November 22. Signs of immediate recovery remain elusive.
CME stands out as the largest contributor to Bitcoin open interest, accounting for nearly 30% with 172,650 BTC open interest valued at approximately $16.7 billion. Following CME, Binance is the second-largest contributor, responsible for 21.3% of the total at an estimated $12.3 billion. Bybit ranks third with $7.83 billion, representing 13.5% of the overall Bitcoin open interest.
