In a substantial surge, the open position of Bitcoin (BTC) futures contracts on the Chicago Mercantile Exchange (CME) has escalated to 115,440 BTC, equaling approximately $4.82 billion. Notably, this reflects a 24-hour increase of 5.55%, according to data from Coinglass.
Overall, network-wide open interest in all BTC futures contracts is reportedly at an impressive 427,300 BTC - a sum that translates to about $17.85 billion.
