According to Coinglass data, the total Bitcoin (BTC) contract open interest across all exchanges decreased by 5.8% over the past 24 hours, falling to $45.152 billion. Open interest represents the total value of outstanding futures and perpetual contracts, often used as a gauge of market participation and sentiment.
Breaking down by major exchanges, Binance holds $8.253 billion, OKX $2.701 billion, Bybit $3.756 billion, and Gate $3.752 billion. The overall decline indicates a net outflow of short-term capital and a reduction in leverage levels. The 5.8% daily drop is moderately significant in recent data, suggesting some participants are reducing positions.
Coinglass aggregates data from leading platforms including Binance, OKX, Bybit, and Gate, providing a comprehensive view of global BTC contract positions. Traders can monitor ongoing changes in open interest alongside price action to assess market direction.