Binance BTC open interest jumps $500M hours after ‘favorable’ US inflation data
Binance Open Interest surged approximately $500 million just two hours after the CPI results “brought smiles to the faces of crypto investors,” says an analyst.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Binance Open Interest surged approximately $500 million just two hours after the CPI results “brought smiles to the faces of crypto investors,” says an analyst.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Bitcoin’s Price Jumps Above $85,000 on Lighter-Than-Expected Inflation Data
Bitcoin Magazine Bitcoin’s Price Jumps Above $85,000 on Lighter-Than-Expected Inflation Data Bitcoin’s price rose — albeit slightl...
XRP Price Prediction: Binance XRP Scarcity Index Hits 20-Month Low
XRP is trading at $1.50, down more than 1% over 24 hours, as Binance’s scarcity index signals a sharp reversal in exchange supply...
Aave’s $50 million lending plan could lose money without a single default
Aave’s proposed institutional lending business would put crypto collateral on both sides of the financing chain. Institutions woul...
Ethereum options open interest sits at 23% of futures as traders favor leverage
The preference for leveraged futures over options in Ethereum trading could lead to increased market volatility and potential liqu...
Bitcoin Price Tests $83,000 Ahead of Key PCE Inflation Release
Bitcoin price is trading at $83,000 ahead of the August core PCE release, just 0.71% above its $82,700 24-hour low, leaving a narr...
PUMP Crypto Surges +15%: Will Pump.Fun Explosion Boost SOL?
PUMP crypto is trading at $0.0058, up nearly +15% overnight after a +60% move over the past two weeks. Daily trading volume has al...