Bitcoin 2,028.90
$49,562.00 4.09366%
Ethereum 431.07
$4,219.25 10.2167%
XRP 0.11
$0.84 13.16768%
Litecoin 10.78
$161.21 6.68847%
Bitcoin Cash 6.93
$513.10 1.35138%
Binance Coin 44.33
$571.42 7.7579%
Chainlink 2.21
$20.20 10.94475%
EOS 0.28
$3.14 8.85594%

Is Rising Bitcoin Futures Open Interest Cause For Concern?

Is Rising Bitcoin Futures Open Interest Cause For Concern?

Bitcoin
October 22, 2021 by Editorial Team
43
The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Aggregate bitcoin futures open interest rise is slightly below all-time levels made at the local bitcoin market top


The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.

Aggregate bitcoin futures open interest rise is slightly below all-time levels made at the local bitcoin market top in April. Is this cause for concern? 

While futures open-interest and leveraged bets favoring the long side have certainly increased over the recent weeks with bitcoin’s feverish rally past previous all-time highs, there are a few key distinctions between the market structure in April versus what we are seeing now. 

Source: Glassnode

Source: Glassnode



Source link

Add a comment