Bitcoin open interest tops chart after hitting $75K ‘sweet spot’
Bitcoin Open Interest reached $45.4 billion on Nov. 6 after Donald Trump won the US presidential election and Bitcoin tapped all-new highs.
Bitcoin Open Interest (OI) surged to a new all-time high as Bitcoin rallied to $75,000, and several analysts suggest there could be more upside ahead.
Bitcoin (BTC) OI — a metric tracking the total number of unsettled Bitcoin derivative contracts such as options and futures — reached $45.41 billion, representing a 13.29% increase since Nov. 5, when Bitcoin’s price broke through its $73,800 all-time high set in March, according to CoinGlass data.
Bitcoin Open Interest reached $45.41 billion on Nov. 6. Source: CoinGlass
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Author: Ciaran Lyons
