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The volume of open contracts in Bitcoin futures trading reached a two-year high

Glassnode data shows that the volume of open contracts for Bitcoin permanent futures trading has experienced a significant increase this month and reached $9.716 billion on February 1 (February 12) to $12.742 billion on February 12 (February 23). This figure is the highest recorded since December 2021 (Azer 1400). Given that traders usually use perpetual futures contracts as short-term trading strategies, an increase in this indicator means the growth of speculative activities in the Bitcoin trading market.