Bitcoin Futures Open Interest Tops $21B, Highest Since November 2021

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The overall degree of leverage in the market remains low. (CryptoQuant)
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As of writing, open interest in perpetuals and standard futures stood at over $21 billion, with bitcoin trading at $49,570 in the spot market. The open interest tally has increased 22% this year, nearing the record $24 billion seen in mid-November 2021 when bitcoin traded above $65,000.

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