Bitcoin Open Interest Nosedives, But All Hope Is Not Lost
Bitcoin open interest has been on a downtrend recently. This is not surprising given that the price of the digital asset had also been declining in recent times. The past week has seen this downtrend mostly driven by movements on the crypto exchange, Binance. Despite this decline, it is still not all bad for bitcoin […]
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Bitcoin has recorded significant losses in just the first week of December. The digital asset has taken some of the largest hits for the year in just last week alone following liquidations over the weekend. This has expectedly had a huge impact on the amount of open interest in bitcoin. Following the dump, BTC denominated open interest took a nosedive. The dip in open interest was significant enough to near-record levels for 2021. With bitcoin losing more than $10,000 in value, open interest had declined rapidly. This is worrying given that open interest had dropped not too long ago and....
Data shows the Bitcoin Open Interest has seen a surge to a new all-time high (ATH) recently, a sign that volatility could be brewing for BTC. Bitcoin Open Interest Has Been Going Up Recently As pointed out by CryptoQuant founder and CEO Ki Young Ju in a new post on X, the Bitcoin Open Interest […]
The open interest for AVAX has been on a consistent rise over the last month, carrying the price of the altcoin along with it. The result of this continuous climb is the fact that the open interest has now surged to May 2022 levels, a development that could spell a massive rally for the price. AVAX Open Interest Surge To $224 Million According to data from Coinglass, the AVAX open interest has now climbed to $224 million. The website shows that there was an over 10% increase in the open interest in a 24-hour period which brought the total open interest above 10.04 million AVAX. Related....
Bitcoin’s Open Interest (OI) has been experiencing significant growth lately, with several experts reporting that the metric has surged to a new all-time high. However, Alphractal, an investment data analysis platform, has addressed the claims, noting that open interest in BTC is yet to reclaim its current peak. Open Interest In Bitcoin Remains Below All-Time […]
Institutional investors had FOMO’d into bitcoin with the release of the first Bitcoin ETF. This enthusiasm quickly died down the week following the approval as trade volumes plummeted. The record opening was quickly replaced by lackluster momentum that saw institutional investors pull out of the market, likely owing to the asset touching a new all-time high and traders taking gains. institutional Bitcoin open interest had skyrocketed with the price, signaling the entrance of big money into the market. The run-up had lasted until the very end of October. Open Interest saw its peak on....