Bitcoin’s open interest drops below $57 billion following its lowest point since November
Bitcoin futures open interest has dropped to $56.6 billion, following a decline at the beginning of 2025. Subsequently, BTC open interest (OI) failed to recover and has reverted to its November all-time high (ATH).
As per data from Coinglass, Bitcoin (BTC) OI decreased to $56.6 billion on Jan. 3, despite displaying signs of improvement just a day earlier. On Jan. 1, BTC OI hit a two-month low, only managing to reach a total of $56.03 billion.
Earlier today, BTC OI seemed to offer traders optimism as it briefly surpassed $57 billion, but it has since dropped back to $56 billion.
Throughout December, Bitcoin’s overall open interest has been climbing to new levels. Notably, BTC OI achieved its most recent ATH on Dec. 18, peaking at $68.13 billion, with CME emerging as the primary contributor at $22.7 billion.
Following its near $70 billion peak, BTC OI has been on a downward trajectory, culminating in a drop to $56 billion on Jan. 1.
Bitcoin open interest serves as a metric for measuring the volume of futures contracts linked to BTC utilized across crypto exchanges. A higher interest level indicates increased demand and trading activity for the crypto asset.
At present, BTC OI is still struggling to surpass the $60 billion mark. In fact, it has regressed to its previous ATH of $57 billion on Nov. 22, showing no immediate signs of recovery.
Data from Coinglass reveals that CME is the largest contributor to BTC OI, accounting for nearly 30% of the total Bitcoin futures open interest with 172,650 BTC OI valued at $16.7 billion based on current prices.
Binance ranks as the second-largest BTC OI contributor, representing 21.3% of the total from the prominent crypto exchange. Binance holds 126,770 BTC OI valued at $12.3 billion. Following Binance, Bybit takes third place with $7.83 billion in BTC OI, making up 13.5% of the total BTC OI.
