Trading activity for Micron Technology (MU) futures contracts has surged, driven by the company's HBM capacity being fully sold out and its stock price exceeding a $1 trillion market cap. According to CoinGlass, global open interest in MU-related futures has reached $304 million, marking a 52.69% increase in 24 hours.
The majority of this open interest is concentrated on tradeXYZ, Binance, OKX, and Bitget, which together account for approximately 93.64% of the market. Specifically, tradeXYZ leads with $168 million, followed by Binance at $76.73 million, OKX at $25.25 million, and Bitget at $15.01 million, forming the core liquidity tier in this segment.
Micron Futures Surge as Open Interest Hits $304 Million
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