Bitcoin open interest drops to $20.7B: A sign of market caution?

Quick Summary:

Bitcoin open interest has seen a notable decline as market volatility rises, especially with the U.S.election approaching.

Bitcoin open interest has recently dipped from over $23 billion to $20.7 billion, reflecting a shift as traders unwind leveraged positions.

Data indicates a sharp drop in BTC’s open interest on all exchanges, suggesting that traders are becoming more cautious amidst uncertain market conditions.

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Article Details

Author / Journalist: Adewale Olarinde

Category: Crypto

Markets: United States

Topics: News 1 BTC Trading View Bitcoin News Trading View Social

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 15:00:36 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 732 words

Reading Time: 5 minutes read

Sentences: 37 lines

Sentence Length: 20 words per sentence (average)

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

Copyright Owner: © AMBCrypto

News ID: 23433404

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 22 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #103

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