Bitcoin Futures Open Interest Tops Highest Level Since 2021

Bitcoin futures open interest on centralized exchanges reaches a high level last seen in 2021.

People carrying a huge Bitcoin over their heads.
Created by Kornelija Poderskytė from DailyCoin
  • Bitcoin futures open interest has reached a new high of the year.
  • The level was last seen in 2021.
  • Ether futures open interest has also gained significantly since the beginning of the year.

The total Bitcoin (BTC) futures open interest on centralized exchanges has surged over 30% since the beginning of the year, reaching the highest level last seen in 2021.

In crypto trading, open interest is the number of open or active positions in a derivatives market. The metric increases when open contracts outnumber closed contracts and decreases when more contracts are closed, exercised, or expired than opened.   

BTC Futures Open Interest Reaches 2021 High Levels

According to the latest data by CoinGlass, the total open interest for Bitcoin futures reached $24.07 billion on Monday, a high level last seen in the final quarter of 2021 before the crypto market tumbled following the collapse of stablecoin TerraUSD.


The latest Bitcoin futures open interest performance highlights increased trading activity around BTC. It coincides with BTC’s price rally to $52,106 as of press time, a 23% surge year-to-date, also rekindling a trend last observed in the last quarter of 2021.

Several factors could be attributed to the uptrend, including positive market sentiment driven by the “accelerated approval” of 11 Bitcoin exchange-traded funds ETFs by the Securities and Exchange Commission (SEC) on January 10. The funds wrapped up their first month of trading with over $10 billion in assets under management (AUM).

Meanwhile, the cumulative open interest for Ether futures has jumped 50% since the beginning of the year, reaching $10.54 billion as of Monday. Ether’s price had gained over 27% year-to-date and rallied to $2,908 as of press time, according to CoinMarketCap.


Read why Coinbase’s payment portal dropped Bitcoin support:
Coinbase Crypto Payment Portal Drops Bitcoin Support

Stay updated on Binance’s four-week Bitcoin price prediction challenge:
Binance Futures Challenge Debuts with BTC and Tesla Car Rewards

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Brian Danga

Brian Danga, a Kenyan crypto reporter, is dedicated to delivering breaking news and updates from the cryptocurrency world. With a background as a Web3 writer and project manager, he recognizes the importance of unbiased reporting. Holding an LLB degree from the University of Nairobi, Brian's analytical skills contribute to his accurate news reporting. His personal interests include cooking, watching documentaries, reading, and engaging in intellectual discussions.