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Data shows the Bitcoin Open Interest has set a new all-time high (ATH) as the cryptocurrency’s price has surged above $72,000.
Bitcoin Open Interest Has Shot Up Recently
CryptoQuant Netherlands community manager Maartunn explained in a post on X that the BTC Open Interest has just reached a new ATH.
On-chain data shows the Bitcoin transfer volume remains significantly lower than that observed at comparable prices during the 2021 bull run peak.
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On-chain data shows the Bitcoin Realized Cap has set a new all-time high (ATH) as capital has been flowing into the coin at unprecedented rates.
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On-chain data shows the Bitcoin mining hashrate has registered a plunge from the fresh all-time high (ATH) it had just recently set.
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Bitcoin (BTC), the largest cryptocurrency in the market, has experienced an extraordinary surge in bullish momentum, breaking previous cycle patterns and achieving an astonishing 60% price increase in the past month.
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In a remarkable display of bullish momentum, the Bitcoin (BTC) price has surged, nearly touching its all-time high of $69,044 set in November 2021. The cryptocurrency’s value climbed to an impressive $68,848 before facing a 5% correction, subsequently dropping to $64,200.
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On-chain data shows the Bitcoin Realized Cap has set a new all-time high (ATH) with the latest rally in the cryptocurrency’s price.
Bitcoin Realized Cap Has Just Achieved A New High
As CryptoQuant founder and CEO Ki Young Ju explained in a post on X, the Bitcoin Realized Cap has set a new record.
Data shows that Bitcoin traders have been clamoring on social media for the price to reach a new all-time high (ATH) after breaking above $52,000.
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Experiencing a decline to below $40,000 earlier this year, then steadily rising above $42,000, the price of Bitcoin (BTC) has witnessed a rollercoaster of fluctuations during this bullish phase.
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On-chain data shows the Bitcoin mining hashrate has seen a strong rebound off its recent lows and has just set a new all-time high (ATH).
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