As of writing, open interest in perpetuals and standard futures stood at over $21 billion, with bitcoin trading at $49,570 in the spot market. The open interest tally has increased 22% this year, nearing the record $24 billion seen in mid-November 2021 when bitcoin traded above $65,000.
Tokyo-Listed Metaplanet Adopts Bitcoin (BTC) as Strategic Reserve Asset as Japan Grapples With Debt Burden
"As the yen continues to weaken, Bitcoin offers a non-sovereign store of value that has, and may continue, to appreciate...