Bitcoin Market Sentiment Heats Up As Open Interest Sees Sharp Uptick
The general crypto market has begun to experience bullish movements, and Bitcoin, the largest digital asset, surged briefly from $84,000 to the $88,400 threshold. As BTC’s price undergoes a slight uptick, several areas of its market dynamics saw a notable increase, such as the Open Interest (OI). A Rebound In Bitcoin’s Open Interest Bitcoin’s market […]
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Data shows the Bitcoin Open Interest has shot up to a new all-time high (ATH), implying speculative interest around BTC has surged. Bitcoin Open Interest Has Risen Alongside Price Rally As explained by CryptoQuant community analyst Maartunn in a new post on X, the Bitcoin Open Interest has seen a sharp surge recently. The “Open […]