2024

Bitcoin

Coin

<ul class="news-points">
 <li><strong>Bitcoin’s open interest hits $18.75B, signaling robust market engagement and bullish sentiment.</strong></li>
 <li><strong>TD Sequential buy signal suggests potential short-term upward correction in Bitcoin’s price.</strong></li>
 <li><strong>Record open interest and technical indicators point to a bullish outlook for Bitcoin.</strong></li>
</ul>
<p>Bitcoin’s open interest has reached an all-time high of $18.752 billion. This increase signals strong engagement and heightened trading activity across Bitcoin markets, suggesting a bullish outlook for the cryptocurrency’s near future. As investors and traders monitor these developments, the rising open interest could foreshadow more significant price movements and increased volatility.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> open interest is hovering around all-time highs, at $18.752 billion! This signals increased trading activity, strong <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a> market sentiment, and potential for higher volatility. <a href="https://t.co/0RaWn6T4da" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/0RaWn6T4da</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1800492927996817547?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 11, 2024</a>
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<p>Bitcoin’s price action and open interest are correlated, as open interest is defined as the total number of outstanding derivative contracts, including futures and options, that have not yet been settled. The current rise in open interest, coupled with a relati…</p>
<p>The post <a href="https://coinedition.com/why-bitcoins-soaring-open-interest-is-a-big-deal-for-crypto/" rel="noopener noreferrer nofollow">Why Bitcoin’s Soaring Open Interest Is a Big Deal for Crypto</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Why Bitcoin’s Soaring Open Interest Is a Big Deal for Crypto

Coin Edition

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