Binance open interest jumps nearly 8% to six-month high above $10 billion

  • Binance recorded a sharp increase in open interest over 24 hours.
  • Open interest exceeded $10 billion and reached 125,830 BTC.
  • Bitcoin was retesting its May high near $82,000, with Binance’s share above 37%.

Binance’s open interest (outstanding futures positions) surged nearly 8% in 24 hours to above $10 billion, its highest level in six months, as Bitcoin retested the May high near $82,000. Open interest measured in Bitcoin reached 125,830 BTC, and the increase remained genuine after excluding price effects. Binance’s market share exceeded 37%. CryptoQuant analyst Darkfost said futures-market speculation can create demand and push Bitcoin higher, but such moves are often brief. A sustained bullish trend would require participation from spot investors, a condition that is not yet present.

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