BNB Futures Open Interest Hits Record $2.51 Billion

0 G contract open interest has surged to 23.46 million tokens, with Binance and Bybit dominating the market in a 24-hour period of significant volatility.

BNB

Summary

0 G contract open interest has increased by 441.76%, reaching 23.46 million tokens, valued at over $137 million. Binance leads the market with 10.05 million tokens worth $58.36 million, followed by Bybit with 3.15 million tokens valued at $18.6 million. In total, $18.34 million in 0 G contract liquidations occurred within 24 hours, including $7.41 million in long positions and $10.94 million in short positions.

Terms & Concepts
  • Open Interest: The total number of outstanding derivative contracts, such as futures, that have not been settled.
  • Liquidation: The process of closing out a position in a derivative contract, typically due to insufficient margin or a price movement that triggers automatic liquidation.