Svmuu reports: Possibly influenced by Micron Technology (MU) HBM production capacity being fully sold out until the end of the year and its market capitalization surpassing one trillion US dollars, trading activity in this underlying stock's contract market has significantly heated up. According to CoinGlass data, the total open interest across all networks is currently reported at $304 million, with a 24-hour increase of 52.69%.
Among the relevant trading platforms, MU contract open interest is primarily concentrated on tradeXYZ, Binance, OKX, and Bitget. The open interest on these four platforms stands at $168 million, $76.73 million, $25.25 million, and $15.01 million respectively, collectively accounting for approximately 93.64% of the market share, thus forming the core liquidity tier in this sector.