Bitcoin

<ul><li>Bitcoin surged 2.51% to reclaim $38,000, yet momentarily dipped to $37,912 due to profit-taking, indicating an imminent breakout in the market.</li><li>Institutional interest in Bitcoin futures soared as CME surpassed Binance with a 21% surge in Open Interest, signifying a growing trend among major investors.</li><li>Whale activity surged with an 11% increase in addresses holding at least $1,000 of BTC, exerting significant buying pressure on BTC&#39;s positive trajectory.</li></ul>In a recent development, Bitcoin (BTC) reclaimed its bullish stance, surging by 2.51% to revisit the $38,000 threshold, according to data from <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">CoinMarketCap</a>. However, profit-taking activities by less steadfast investors temporarily pulled the primary cryptocurrency down to $37,912 at the time of reporting. Despite this dip, signs of an impending breakout remained palpable in the market.An increase in both Open Interest and price often signals a surge in optimistic market sentiment. Esteemed on-chain analyst Maartunn bolstered this notion by confirming the efforts of derivatives traders to surpass the $37,000-$38,000 range, as highlighted in a post on platform X.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/824e6f0311b74a3eaacc98539f9d4793.png" />According to <a href="https://ccdata.io/research/chart-of-the-week" rel="noopener noreferrer nofollow">CCData</a>, a cryptocurrency market analytics provider, the Open Interest in Bitcoin futures on the Chicago Mercantile Exchange (CME) witnessed a rise of roughly 21% in November. This increase helped CME overtake Binance and become the largest Bitcoin futures exchange. This data indicates a growing tendency among institutional investors towards Bitcoin futures trading.Read full article a<a href="https://cryptotale.org/bitcoin-shows-resilience-surge-in-bullish-sentiment-and-institutional-interest/" rel="noopener noreferrer nofollow">t CryptoTale.</a>

Bitcoin Shows Resilience: Surge in Bullish Sentiment and Institutional Interest

CryptoTale

2023년 11월 29일에 게재된 다른 기사

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Bitcoin Surges Past $38,000, Eyeing New Annual High Amid Bullish Market Signals!

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