Express

Bitcoin Open Interest Is On The Rise, Could Mean Bull Market Is Here To Stay

Emily Mason

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

Last Update:

Tags: ,,
Link: Bitcoin Open Interest Is On The Rise, Could Mean Bull Market Is Here To Stay   [Copy]
Next:

Related Articles

  • BitFuFu’s VP on Mining Leadership, Corporate Crypto Treasuries, the Stablecoin Act, and... 3 days ago
  • BTC Weekly Outlook: A Bullish Week, but Signs Point to a Shift to Defensive Play 4 days ago
  • Figma's IPO Triumph and Crypto Bet: How a Design Disruptor Stunned Wall Street After a ... 15 days ago
  • When Stablecoins Tear Down Banks’ Interest Margin Moats — A Third Look at the U.S. “Ge... 16 days ago
  • Twitter Space Highlight: Is Altcoin Season Coming? Unpacking BTC, Institutions & RWA 18 days ago

    • You need to login to comment.