The total value of Bitcoin contract positions on the entire network is approxima

[DearMary]

The total open interest in Bitcoin contracts across all platforms is 437,600 BTC, valued at approximately $19.208 billion. This massive volume of holdings reflects investors' confidence in the potential value of Bitcoin. Looking at these numbers, one can almost feel the exhilaration coursing through the entire digital financial world, eliciting excitement for the development of Bitcoin.

[tranthidung]

The total open interest in Bitcoin contracts across all platforms is 437,600 BTC, valued at approximately $19.208 billion. This massive volume of holdings reflects investors' confidence in the potential value of Bitcoin. Looking at these numbers, one can almost feel the exhilaration coursing through the entire digital financial world, eliciting excitement for the development of Bitcoin.

I am not sure the figure you shared is correct.

You can get Open Interest Real-Time or Historical data from Coinglass.
Historical https://www.coinglass.com/pro/futures/OpenInterest
Real time https://www.coinglass.com/pro/futures/FuturesOpenInterest

Overview https://www.coinglass.com/pro/dashboard/bitcoin

The bottom line is people gambling with this will be liquidated by the market.