According to on-chain data monitoring platform Coinglass, Bitcoin (BTC) network-wide futures open interest posted a notable decline over the past 24 hours as of June 5, 2026, falling 5.27% to $45.913 billion. The figure aggregates open contracts across major derivatives exchanges, including Binance, OKX, Bybit, and Gate.
Breaking down the exchange-level data, Binance led with $8.323 billion in open interest, followed by Bybit at $4.156 billion, Gate at $3.608 billion, and OKX at $2.836 billion. All major platforms saw a reduction, signaling a broad-based contraction in market leverage.
Network-wide open interest is a key gauge of bullish and bearish activity in the derivatives market; its decline often reflects traders’ inclination to reduce exposure or lower leverage amid heightened uncertainty. Coinglass continuously updates these metrics, offering real-time insight into shifting market positioning.