Bitcoin surges as $149M withdrawn by bears is replaced.
Cryptocurrency investors witnessed a surge of optimism this week as Bitcoin prices rose above $10,200. This good news comes just a week after bearish investors withdrew $149M from BTC funds.
futures
Bitcoin futures open interest at 2023 high while BTC trading volume at yearly low — What gives?
Speculators are bullish on Bitcoin futures as open interest, the number of contracts outstanding, reached levels not seen since late-2020, while trading volume fell to its lowest levels year-to-date.
Crypto Futures Show Bias for Uniswap’s UNI Token After Curve Finance Exploit
Crypto traders have showed a stronger preference for Uniswap’s UNI token since a recent exploit by Curve Finance was discovered. The exploit caused losses for those token holders, leading to increased interest in UNI as an alternative.
BNB’s soaring futures open interest and regulatory woes weigh on the altcoin’s price
Binance Coin (BNB) has seen a sharp rise in futures open interest, even as regulatory concerns loom large and affect the altcoin’s price. Despite the bullish trend, the uncertainty surrounding the regulatory landscape is weighing on BNB.