Why Bitcoin's Soaring Open Interest Is a Big Deal for Crypto

Bitcoin’s open interest has reached an all-time high of $18.752 billion. This increase signals strong engagement and heightened trading activity across Bitcoin markets, suggesting a bullish outlook for the cryptocurrency’s near future. As investors and traders monitor these developments, the rising open interest could foreshadow more significant price movements and increased volatility. Bitcoin’s price action […]

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Why Bitcoin's Soaring Open Interest Is a Big Deal for Crypto

  • Bitcoin’s open interest hits $18.75B, signaling robust market engagement and bullish sentiment.
  • TD Sequential buy signal suggests potential short-term upward correction in Bitcoin’s price.
  • Record open interest and technical indicators point to a bullish outlook for Bitcoin.

Bitcoin’s open interest has reached an all-time high of $18.752 billion. This increase signals strong engagement and heightened trading activity across Bitcoin markets, suggesting a bullish outlook for the cryptocurrency’s near future. As investors and traders monitor these developments, the rising open interest could foreshadow more significant price movements and increased volatility.

Bitcoin’s price action and open interest are correlated, as open interest is defined as the total number of outstanding derivative contracts, including futures and options, that have not yet been settled. The current rise in open interest, coupled with a relati…

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