Binance Sees $6.3 Billion Open Interest Surge as Bitcoin Hits $100,000

Generated by AI AgentCoin World
Thursday, Jun 26, 2025 2:21 pm ET1min read

Binance, the world's leading cryptocurrency exchange, has experienced a significant surge in open interest (OI) as Bitcoin's price breached the $100,000 mark in November 2024 and May 2025. During these rallies, Binance added $3.8 billion and $2.5 billion in OI, respectively. This substantial increase in OI indicates that traders are heavily favoring Binance to gain quick exposure to

during bullish movements.

As of the latest data, Binance holds 30% of the total Bitcoin OI share, amounting to $9.8 billion. This represents a significant rise from $4.2 billion at the beginning of 2024. Other exchanges with high Bitcoin OI include Bybit, Gate.

, HTX, and OKX. The consistent growth in OI on Binance reflects trader confidence in its execution speed, fee structure, and liquidity.

Binance also leads in

perpetual futures in open interest among all exchanges. As Ethereum rallied 73% and 44% during the same periods as Bitcoin, Binance posted the fastest OI growth. The platform’s Ethereum OI now stands at $5.1 billion, representing 31% of the total ETH market share. This data points to a strong trader preference for Binance when Ethereum volatility rises, highlighting the exchange’s infrastructure efficiency in handling demand during uptrends.

On June 21, a sharp drop in Bitcoin prices occurred following heightened geopolitical tensions in the Middle East. Binance saw the steepest OI decrease, losing $2.1 billion in a single day. This reflects traders actively closing long positions to manage risk and exposure. The exchange’s quick OI changes underline its position as a preferred venue for swift action during market events, reflecting deep liquidity and market trust among large-scale participants.