Bitcoin Open Interest Has Cooled Off, Good Sign For Bulls?
Data shows the Bitcoin Open Interest has observed a notable cool off recently, something that could be positive for the rally’s hopes.
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Bitcoin derivatives
Bitcoin Open Interest Sets All-Time High As BTC Tops $72,000
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.
Bitcoin futures and options open interest soars in February
Open interest, the total number of outstanding derivative contracts that have not been settled, is an important metric for gauging market health and sentiment. An increase in open interest means new money entering the market, showing heightened trading activity and interest in Bitcoin.
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Why $23 Billion in Leveraged Bitcoin (BTC) Positions Won’t Cause a Price Crash
Open interest in Bitcoin futures has risen to over $23 billion. The leverage on these positions is low, which lowers the chance of major price crashes due to liquidations.
Open interest in Bitcoin futures has rallied over 20% to highs not seen since the 2021 bull run.