Bitcoin

when

April

<ul class="news-points"> 
 <li><strong>Bitcoin OI reached an all-time high, aligning with its recent uptick above $72k.</strong></li> 
 <li><strong>CryptoQuant Netherlands’ Community Manager speculates Bitcoin OI will reach $18.2B.</strong></li> 
 <li><strong>March 2024 was the previous all-time high for Bitcoin OI when it surged past $73k.</strong></li> 
</ul> 
<p>Bitcoin Open Interest has surged to an all-time high (ATH) amidst Bitcoin’s recent uptick to $72k. Maartun, the community manager at CryptoQuant Netherlands, shared an X (formerly Twitter) post on April 8, unveiling Bitcoin Open Interest’s recent rally to reach the ATH of $18.2 billion.</p>    
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   <p lang="en" dir="ltr">Bitcoin: Open Interest hits all-time high, with a value of $18.2B<a href="https://t.co/Nr0Sb2DNb0" target="_blank" rel="nofollow">https://t.co/Nr0Sb2DNb0</a> <a href="https://t.co/NhYQIPzhCW" target="_blank" rel="nofollow">pic.twitter.com/NhYQIPzhCW</a></p>— Maartunn (@JA_Maartun) <a href="https://twitter.com/JA_Maartun/status/1777299516632285214?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">April 8, 2024</a>
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<p>Open Interest (OI) tracks the total number of Bitcoin derivatives contracts active on all exchanges. Thus, OI serves as an indicator of the total influx of capital into the Bitcoin derivatives market. Usually, investors would open more positions in the derivatives market when the OI values rise. Such a scenario may lead to an increase in the volatility of Bitcoin.</p> 
<p>At press time, Bitcoin is trading at $71,270, mar…</p>
<p>The post <a href="https://coinedition.com/bitcoin-open-interest-reaches-an-ath-of-18-2-billion/">Bitcoin Open Interest Reaches $18.2B Following BTC’s Surge Above $72K</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Bitcoin Open Interest Reaches $18.2B Following BTC’s Surge Above $72K

Coin Edition

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