Bitcoin Open Interest Jumps $2B in a Day: Is the Rally Sustainable?

Bitcoin Open Interest Surges $2 Billion Amid Rising Volatility - Blockchain & Cryptocurrencies Tabloid

Bitcoin open interest rose by $2 billion, reflecting a surge in institutional activity and expected market volatility. The post Bitcoin Open Interest Surges $2 Billion Amid Rising Volatility appeared first on Blockchain & Cryptocurrencies Tabloid.

Bitcoin Open Interest Jumps $2B in a Day: Is the Rally Sustainable?

Bitcoin open interest has seen a substantial increase following the Federal Reserve’s May 7 FOMC meeting when BTC briefly touched $96,000. According to the data, aggregated open interest jumped as Bitcoin’s price climbed toward the $100,000 level. Bitcoin open interest adds $2B Bitcoin open interest has jumped by $2 billion in a single day following BTC’s movement around the $96,000 level during the May 7 FOMC meeting. According to the chart dat…