Bitcoin Futures Annualized Premium Climbs Sharply, Sign Of Strong Institutional Interest?

Quick Summary:

As the crypto market maintains its bullish strength, many key metrics of Bitcoin have been demonstrating strong and optimistic trends in recent weeks, which could impact prices positively, suggesting a promising outlook for BTC in the upcoming days.

In the last 24 hours, Bitcoin’s futures open interest saw a sharp increase of 20,000 BTC.

Optimism is brewing in the market as Bitcoin continues to see promising upward movement as it approaches its all-time high price of $73,000 set in March.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Godspower Owie

Category: Crypto

Markets: HungaryUnited States

Topics: OI Chicago Mercantile Exchange BTCUSDT CME Btcusd Bitcoin Spot Exchange-Traded Funds Bitcoin Fed Bitcoin News James Van Straten ETFs Coindesk Open interest Bitcoin Futures Annualaized Premium Btc US Presidential Election Federal Reserve

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 03:00:07 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 476 words

Reading Time: 3 minutes read

Sentences: 29 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 23344881

View Article Analysis

About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 13 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 8 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

Publisher Details

Frequently Asked Questions