The Bitcoin derivatives market has not recovered, and Binance's market share has risen to over 36%

According to blockchain analyst Darkfost, the derivatives market has not fully recovered after the largest forced liquidation event in Bitcoin history on October 10th. On that day, the total amount of open Bitcoin contracts on major exchanges decreased by nearly 71000 BTC, with Binance's open contracts accounting for about 30%. More than $11 billion in positions were closed or liquidated in a short period of time. The current open interest contract volume in the market is about 351000 BTC, a decrease of over 24000 BTC from 375000 BTC on October 9th. Binance grew against the trend, with over 7000 BTC added to its open contracts compared to October 9th, and its market share increased from 30% to over 36%.