Bitcoin Contracts: Long or Short?

Are so many contracts long or short?

Open interest in Bitcoin contracts across the network exceeds $38 billion

On April 8, according to Coinglass data, the open interest in Bitcoin futures contracts across the network was 525,400 BTC (about $38.152 billion).

Among them, the open interest of CME Bitcoin contracts was 145,900 BTC (about $10.553 billion), ranking first;

The open interest of Binance Bitcoin contracts was 119,600 BTC (about $8.705 billion), ranking second.

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