Geopolitical cooling triggers crude oil pullback, Bitget BZ contract open interest surpasses 28% growth in 24H, ranking second globally

Odaily Planet Daily News: Affected by the phased cooling of the geopolitical situation in the Middle East, international crude oil prices have pulled back. According to Bitget market data, Brent crude oil (BZ) is currently reported at $109 per barrel, down 2.53% on the day. The intensified tug-of-war between bulls and bears has driven up trading activity in the relevant contract market.

According to CoinGlass data, the total open interest for BZ contracts across all networks currently stands at $67.9316 million. Among centralized exchanges, Binance, Bitget, and OKX rank in the top three in terms of open interest, at $46.9913 million, $8.3424 million, and $5.6461 million, respectively. Notably, Bitget's 24-hour open interest growth rate reached 28.32%, leading the entire market.