Bitcoin Open Interest Rises by $1B Amid Leverage Growth
Photo: Coinfomania
Bitcoin’s trading landscape is shifting as leverage grew significantly during recent selloff periods. Open interest climbed by approximately $1 billion, showcasing increased trader activity. This data, highlighted by the analyst @glassnode, signals a potential shift in market sentiment that could impact future trading strategies. analysis reveals that Bitcoin’s open interest surged by about $1 billion during a recent drop, with an additional $500 million added in the ongoing trading session. This notable rise in open interest suggests that many traders are re-entering the market, aiming to capitalize on potential rebounds.
Source: Coinfomania
