Bitcoin Nears $70K as Futures Open Interest Hits $40.5B: What’s …

Oct 21, 2024 · Bitcoin’s derivatives market reached a significant milestone on October 21, with open interest (OI) surpassing $40.5 billion, according to CoinGlass. This surge came as …

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Bitcoin Nears $70K As Futures Open Interest Hits $40.5B: What’s …

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Oct 21, 2024 · Bitcoin’s derivatives market reached a significant milestone on October 21, with open interest (OI) surpassing $40.5 billion, according to CoinGlass. This surge came as …

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Bitcoin Open Interest Blows Past $40 Billion, Price Closing In On …

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Oct 24, 2024 · Bitcoin's Open Interest surged past $40 billion on Oct. 21, hitting $40.5 billion, according to CoinGlass, a pivotal moment in the crypto market. Open Interest, which tracks …

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Bitcoin Futures Open Interest Peaks At $40.5Bn: What To Expect?

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Oct 21, 2024 · Bitcoin futures open interest surged to $40.5 billion, driven by increased investor activity in derivatives markets. The Chicago Mercantile Exchange leads Bitcoin’s future open …

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Bitcoin Derivatives Open Interest Hits Record High As BTC Nears …

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Oct 21, 2024 · Open interest in Bitcoin derivatives reached an all-time high on October 21, as Bitcoin’s price came close to breaking the $70,000 mark. CoinGlass reported that Bitcoin …

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Bitcoin Nears $70K As Futures Open Interest Hits $40.5B: What’s …

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Oct 21, 2024 · Bitcoin’s derivatives market reached a significant milestone on October 21, with open interest (OI) surpassing $40.5 billion, according to CoinGlass. This Bitcoin Nears $70K …

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Bitcoin Nears $70K Amid Record Open Interest Of $40B As U.S

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Oct 21, 2024 · Bitcoin Open Interest Hits Record $40.5 Billion as BTC Approaches $70K. Bitcoin's open interest surged to an all-time high of $40.5 billion on October 21, ... The Chicago …

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Bitcoin Open Interest Exceeds $40B Amid Brush Near $70K

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Oct 21, 2024 · Open interest on Bitcoin derivatives reached a record high on Oct. 21, as BTC came close to breaching the $70,000 price point. In a post on X on Oct. 21, CoinGlass …

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Bitcoin Futures Open Interest Hits Record $40.5 Billion, Reports …

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Oct 21, 2024 · Bitcoin derivatives have reached new heights as open interest (OI) in Bitcoin futures hit an all-time high of $40.5 billion on October 21, according to a report from …

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Bitcoin Nears $70K Amid Record Open Interest At $40B As Trump …

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Cash-margin open interest reached a new all-time high last week, with futures offered on the Chicago Mercantile Exchange (CME) accounting for 40% of the total as it crossed $11 billion …

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Bitcoin Nears $70K Amid Record Open Interest At $40B As Trump …

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Oct 21, 2024 · Bitcoin BTCUSD neared $70,000 earlier Monday as bullish sentiment from the forthcoming U.S. elections gains more momentum among crypto traders.. BTC rose 1.5% in …

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Bitcoin Nears $70K, But Record Open Interest Sparks Liquidation …

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Howеvеr, it аlso brings potеntiаl risks аs opеn intеrеst in Bitcoin dеrivаtivеs hits аn аll-timе high. Bitcoin Futures Open Interest Hits $40.43 Billion Dаtа from CoinGlаss rеvеаls thаt Bitcoin ...

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US Spot Bitcoin ETFs Reverse Inflow Streak, Tether Hits New

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Oct 24, 2024 · Bitcoin Briefly Nears $70K as Record Open Interest Fuels Market. A surge in futures open interest caused bitcoin to rally near the $70,000 mark at the start of the week, …

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FAQs about Bitcoin Nears $70K as Futures Open Interest Hits $40.5B: What’s … Coupon?

What is bitcoin's open interest?

Bitcoin's Open Interest surged past $40 billion on Oct. 21, hitting $40.5 billion, according to CoinGlass, a pivotal moment in the crypto market. Open Interest, which tracks the total value of all active futures contracts, is a crucial sign of increased leverage and market buzz. ...

Which Exchange holds the most bitcoin derivatives open interest?

Bitcoin derivatives have reached new heights as open interest (OI) in Bitcoin futures hit an all-time high of $40.5 billion on October 21, according to a report from CoinGlass. Data shows that the Chicago Mercantile Exchange (CME) holds the largest share of Bitcoin futures open interest, accounting for 30.7%. ...

What happened to bitcoin's price on Oct 21?

Bitcoin's price hit $69,380 on Oct. 21 before pulling back slightly. While this retracement might cause some jitters, it's still within a hair's breadth of its all-time high of $73,738. Bitcoin's Open Interest surged past $40 billion on Oct. 21, hitting $40.5 billion, according to CoinGlass, a pivotal moment in the crypto market. ...

Why did Bitcoin (BTC) near $70k on Monday?

Bitcoin (BTC) neared $70,000 earlier Monday as bullish sentiment from the forthcoming U.S. elections gains more momentum among crypto traders. BTC rose 1.5% in the past 24 hours, CoinDesk data shows, steadily rising through Sunday. ...

Could a high open interest level in Bitcoin mean a breakout?

CoinTelegraph suggested that Bitcoin reaching such high Open Interest levels could either mean a breakout is on the horizon or things could turn south quickly. Sharp rises like this have historically led to sudden price corrections, largely thanks to forced liquidations. These occur when traders running on borrowed money cannot cover margin calls. ...

What does a record high in Bitcoin's open interest mean?

The surge in bitcoin’s open interest has generated mixed reactions among market watchers. On the one hand, a record high in open interest can indicate increased interest and optimism among traders, signaling that they expect the price of bitcoin to continue climbing. ...