24-hour crypto futures trading volume surges 56%, while open interest remains flat

Crypto futures volume jumped 56% in 24 hours to $111.8 billion (about 149 trillion won), while open interest stayed flat at $137.1 billion (about 183 trillion won), according to a CoinDesk market analysis. Bitcoin slipped to around $77,900 (about 103.84 million won), yet BTC and ETH futures open interest showed little change, suggesting the surge in activity came from short-term positioning rather than new capital entering the market. Liquidations rose 77% over the same period to $140.2 million (about 186.9 billion won), reflecting leveraged positions being closed as prices moved. The divergence between rising volume and stagnant open interest points to increased churn among existing traders rather than fresh accumulation. Watch whether open interest begins to rebuild alongside volume, and how US spot market flows respond, as signals for whether the volatility extends or fades.