Bitcoin Open Interest Hits ATH On CME Amid Spot ETF Anticipation

Bitcoin Open Interest reaches record levels on the CME, signaling market optimism amid Spot ETF anticipation.
By Rupam Roy
Updated August 11, 2025
BitMEX Unveils Bitcoin, Ethereum, Cardano & XRP Futures Listing

In a remarkable surge, the total Bitcoin Futures Open Interest (OI) has reached new heights, setting the stage for a potential revolution in the cryptocurrency market. Meanwhile, Coinshares Head of Research, James Butterfill, recently shared a pivotal chart on the X platform, emphasizing that the Total Bitcoin futures contracts on the CME have hit an all-time high.

In addition, the latest data suggested that many of the other major exchanges have also witnessed a notable surge in BTC Futures OI over the last 24 hours.

Advertisement
Advertisement

Bitcoin Open Interest On CME Hits ATH

The cryptocurrency market is witnessing a remarkable upswing as the total Bitcoin futures Open Interest (OI), according to Coinglass data, stands at an impressive 437.79K BTC or $20.43 billion. This surge, recorded on Tuesday, January 9, signifies a 10.31% increase over the last 24 hours, setting the stage for a monumental shift.

Meanwhile, as anticipation builds around the SEC’s potential approval of a Spot Bitcoin ETF this week, investors are eyeing the market dynamics closely. Quoting James Butterfill, the Head of Research at Coinshares, the increase in total Bitcoin futures OI is a clear indication of the market’s bullish sentiment.

Notably, the CME exchange alone witnessed a remarkable 15.45% rise in the last 24 hours, reaching $132.90K BTC or $6.19 billion. On the other hand, another major crypto exchange, Binance experienced a surge of 9.91% in Bitcoin Open Interest, with the OI standing at 97.34K or $4.55 billion.

Also Read: Solana (SOL) and XRP Gearing Up For A Mega Rally in 2024

Advertisement
Advertisement

Coinbase Sees Contrasting Trends

In a surprising turn of events, Coinbase has reported a 37.40% slump in Bitcoin Open Interest (OI) over the last 24 hours. The exchange’s figures now stand at 46.23K BTC or $2.16 million. Meanwhile, this dip highlights a potential divergence in market strategies among major crypto exchanges, raising questions about the varied approaches and expectations within the crypto community.

However, investors and analysts are closely monitoring these developments, recognizing the significance of Bitcoin OI as a key indicator for market sentiment. As the landscape evolves, the market awaits the SEC’s decision on Spot Bitcoin ETF approval, which could mark a transformative moment for the cryptocurrency ecosystem.

It’s worth noting that Bitcoin has recently crossed the $47,000 mark, indicating growing interests of the investors ahead of the potential Spot ETF approval. However, as of writing, the Bitcoin price traded at $46,594.29, witnessing a jump of 5.89% over the last 24 hours.

Also Read: BTC Derivatives Traders Wager $20 Bln On SEC Green Light

Advertisement
Rupam Roy
Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam's expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news. Rupam's career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.