Record $7.4B Bitcoin futures open interest shows pros still expect $20K BTC

Record $7.4B Bitcoin futures open interest shows pros still expect $20K BTC

Bitcoin price fell short of reaching $20,000, but record high open interest on BTC futures shows pros are still bullish. Bitcoin (BTC) price failed to blast through the $20,000 level this week but multiple records related to volume and open interest were made on the way up to $19,484. One notable achievement was the open interest on aggregated futures contracts reached $7.4 billion at derivatives exchanges. BTC futures aggregate open interest. Source: SkewAs depicted above, there has been a 110% increase over the past 6 months, and it is also worth noting that the Chicago Mercantile....


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