Bitcoin Futures Hit Record High of $72 Billion as Institutions Drive Demand

The aggregate open interest in Bitcoin futures has surged to a record $72 billion this week, marking an 8% increase from the previous week. This growth is largely driven by institutional investors, with the CME Group leading at $16.9 billion, followed closely by Binance at $12 billion. Notably, approximately $1.2 billion in short positions are currently concentrated between the $107,000 and $108,000 price levels. A breakout above this range could trigger significant liquidations, potentially propelling Bitcoin to new all-time highs.