币界网报道：Bitcoin's open interest on Binance has surged to $4.5 billion, raising concerns among traders about potential market volatility. Analysts warn that such high open interest levels, especially when concentrated on a single exchange, could lead to sharp price swings if large liquidations occur. The current open interest represents a significant portion of Bitcoin's total market activity, with Binance accounting for nearly 30% of global BTC futures volume. Market observers note that while rising open interest typically indicates growing trader participation, extreme levels may signal overheating. The situation is being closely monitored as Bitcoin tests key resistance levels near $43,000, with some experts cautioning that a sudden market move could trigger cascading liquidations across leveraged positions. Derivatives data shows funding rates remain relatively neutral, suggesting balanced demand between longs and shorts for now.