Bitcoin’s recent price surge isn’t the only story—its open interest (OI) has skyrocketed by $2 billion in the last 24 hours. This dramatic increase shows a rise in trading activity and more investor interest in the leading cryptocurrency. Open interest reflects the number of active contracts in Bitcoin’s futures and options markets. A boost in OI typically signals rising expectations for volatility and more participation. Despite the surge, funding rates remain low, indicating a balanced market sentiment. As Bitcoin trades at around $102,500, traders are waiting for clear direction. A break above resistance could push Bitcoin to $110,000, but a pullback to $87,000 is also a possibility.
With the crypto market showing signs of stability, memecoins and emerging altcoins have been stealing…
In today’s rapidly shifting crypto landscape, meme coins are no longer just jokes; they are…
Amber International, one of the top names in crypto financial services, has just launched a…
BlackRock has filed to allow in-kind redemptions for its Ethereum Trust, a move that would…
Bitcoin has surged past $100,000, driven by a wave of positive news and growing market…
As the crypto market cap rises up to $3.37 trillion, the sentiment remains cautiously optimistic.…
