Cryptocurrency derivatives trading platform Deribit has reached an all-time high in open interest, with a total of $37.6 billion across its bitcoin and ether contracts. This signifies increased activity in cryptocurrency derivatives, coinciding with bitcoin's recent price volatility. The achievement comes as bitcoin's market cap stands at $1.76 trillion, with a current price of $89,091 per BTC. Deribit has recorded substantial figures in bitcoin futures, perpetuals, and options contracts, as well as in ether futures and perpetual contracts. The options market also reflects sustained trading activity, with a majority of long positions. This record open interest illustrates the strong demand for derivatives during bitcoin's price fluctuations.



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