Today, Bitcoin’s open interest (OI) on derivatives exchanges reached over $24.7 billion, marking the highest level in the past 30 days. This surge in OI suggests strong conviction among traders amidst ongoing market volatility and trends in adoption. Major derivatives platforms such as Binance and Bybit play a significant role in this space by driving substantial liquidity in Bitcoin futures trading.
Bitcoin’s mid-tier traders are experiencing a shift as larger wallets consolidate their holdings into smaller ones, a trend observed following the cryptocurrency’s recent price movements. Wallets holding between 0.1 and 1 BTC have reached a […]
Bitcoin has reclaimed the $70,000 mark, reflecting a significant milestone in its valuation. This resurgence in price aligns with growing institutional interest in Bitcoin, as major financial firms have recently endorsed the cryptocurrency, contributing to […]
BlackRock has absorbed 9,615 BTC valued at approximately $635 million within a three-day window, coinciding with the sale of 23,300 BTC on exchanges at a loss. This activity reflects a market dynamic where the SOPR, […]