Bitcoin Futures Open Interest Highest in 2 Years, Confirming Bullish Uptrend in the Market
The notional open interest in bitcoin futures has reached a 26-month high, standing at over $21 billion. This increase in open interest suggests a renewed interest in leveraged products like futures and confirms the bullish uptrend in the market. However, overall leverage remains low, indicating a low probability of sudden liquidations and price crashes.
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Bitcoin Futures Open Interest Highest in 2 Years, Confirming Bullish Uptrend in the Market
The notional open interest in bitcoin futures has reached a 26-month high, standing at over $21 billion. This increase in open interest suggests a renewed interest in leveraged products like futures and confirms the bullish uptrend in the market. However, overall leverage remains low, indicating a low probability of sudden liquidations and price crashes.