Are so many contracts long or short?
Open interest in Bitcoin contracts across the network exceeds $38 billion
On April 8, according to Coinglass data, the open interest in Bitcoin futures contracts across the network was 525,400 BTC (about $38.152 billion).
Among them, the open interest of CME Bitcoin contracts was 145,900 BTC (about $10.553 billion), ranking first;
The open interest of Binance Bitcoin contracts was 119,600 BTC (about $8.705 billion), ranking second.
