Crypto traders say Bitcoin is at an “inflection point” after BTC’s open interest rises and the cryptocurrency’s price pushes into a new range.
The Bitcoin (BTC) market is at an “inflection point” after a historic Bitcoin 2024 conference that has seen BTC futures open interest break out of range, according to analysts.
“We finally have a breakout of this range,” declared independent analyst Horse, referring to Bitcoin’s futures open interest.
Open interest (OI) refers to the total number of BTC-related derivative contracts currently open on all exchanges.
