Geopolitical cooling triggers crude oil pullback, Bitget BZ contract open interest grows over 28% 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 retreated. According to Bitget market data, Brent crude oil (BZ) is now reported at $109 per barrel, down 2.53% in a single day. The intensified long-short battle on the board has driven up trading activity in related contract markets.

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 for 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 network.