Bitcoin Futures' Open Interest Hits Record High as BTC Breaks $71K

Bitcoin futures' one-day open interest experienced its largest surge in 24 hours since June, with an increase of over 20,000 BTC. U.S. listed spot ETFs have seen $2.7 billion of net inflows since October 16. Bitcoin-tracked futures set a new record high open interest in U.S. dollar terms on Tuesday as the asset surpassed $71,000 for the first time since June. The rise in stablecoin liquidity and Bitcoin transactions is contributing to the formation of "UnmuteUptober." The ETH/BTC ratio has also slid to its lowest since April 2021.