Bitcoin open interest soars to 1-year high as BTC price rallies toward $68K
Demand for leverage in BTC futures jumped to $38 billion, but traders appear well-positioned enough to avoid surprise price swings.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Demand for leverage in BTC futures jumped to $38 billion, but traders appear well-positioned enough to avoid surprise price swings.
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
Why a weekend break below $62,500 could unleash a Bitcoin selling wave toward $58,500
Bitcoin trades near $62,900 heading into the weekend, having touched an intraday low of $62,538 on Aug. 14. That low effectively t...
Bitcoin (BTC) Price Prediction: Bitcoin’s Coiled Market Faces Major Breakout as $62K Support Is Tested
The Bitcoin price has struggled to build lasting upside momentum even as recent US inflation data has eased some pressure on risk...
Strategy tells MSCI ‘Bitcoin doesn’t need you’ as $2.8 billion index risk hangs over MSTR
Strategy faces a renewed threat of removal from major MSCI equity indexes under a broader screening proposal that could trigger an...
Perpetual Futures Now Rule Crypto Trading as Volumes Sink to a 31-Month Low
Perpetual futures are winning the crypto market, but the prize is smaller than it was a year ago. Stocks, indexes, gold and pre-IP...
Bitcoin’s $16.3 billion Wall Street stress test splits into four positional patterns
The $16.3 billion in Bitcoin ETF positions that CryptoSlate recently tracked ahead of the Q2 filing deadline resolved into four di...
Binance plans return to UK market amid allegations it facilitated billions in transfers for Iran
Binance's UK return amid compliance scrutiny highlights ongoing regulatory challenges for crypto exchanges, impacting global marke...