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

According to Odaily Planet Daily, international crude oil prices have pulled back due to a phased cooling of geopolitical tensions in the Middle East. Bitget market data shows that Brent crude oil (BZ) is currently reported at $109 per barrel, down 2.53% on the day. The intensified long-short battle on the chart has driven up trading activity in related contract markets.

Data from CoinGlass shows that 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.