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Bitcoin Open Interest Is On The Rise, Could Mean Bull Market Is Here To Stay
Summary: Bitcoin futures open interest has reached a 4-month high of $246,315,973.75 on Deribit, according to Glassnode data. An increase in open interest contracts, where investors bet on Bitcoin's performance and give themselves the options to buy Bitcoin at a set price in advance, can mean that more money is flowing into the market. Open interest can ...
Bitcoin futures open interest has reached a 4-month high of $246,315,973.75 on Deribit, according to Glassnode data.
An increase in open interest contracts, where investors bet on Bitcoin's performance and give themselves the options to buy Bitcoin at a set price in advance, can mean that more money is flowing into the market.
Open interest can also suggest the strength of a price trend. Open interest being on the rise suggests that Bitcoin's bull run could be here for the long-term.
By Emily Mason
Tags: Bitcoin,BTC,Derivatives Market
Link: Bitcoin Open Interest Is On The Rise, Could Mean Bull Market Is Here To Stay [Copy]
