U.S.-Iran oil sanctions relief intensifies crude oil price volatility; Bitget’s BZ contract open interest accounts for 17% of the global total, ranking second worldwide.
TechFlow News, June 23: Earlier, the U.S. announced a temporary agreement with Iran and lifted oil sanctions for a 60-day period, intensifying volatility in the international crude oil market. According to Bitget’s market data, Brent Crude (BZ) is trading at approximately $78 per barrel, up 0.3% over the past 24 hours. Heightened long-short positioning on the futures market has boosted attention toward related contracts.
Per CoinGlass data, the total open interest across all BZ contracts globally stands at $73.4659 million. Among them, Bitget’s BZ contract open interest amounts to $12.5437 million, capturing a 17.07% market share and ranking second globally.
Bitget has now fully deepened its Unified Exchange (UEX) ecosystem, covering diverse asset classes including U.S. equities, CFDs, and cryptocurrencies, providing users with extensive cross-market asset allocation channels.
