Bitcoin Open Interest hits $40B: What this means for your investments!

Quick Summary:

Bitcoin's futures market Open Interest has surged to $40 billion, indicating heightened trader activity.

However, the high OI and elevated funding rates also mean a potential price correction is on the horizon, particularly if long positions get liquidated during a price drop.

The Bitcoin [BTC] Open Interest (OI) across futures markets has surged to $40 billion, the highest level in 2024.

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Article Details

Author / Journalist: Adewale Olarinde

Category: Crypto

Markets: United States

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

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-22 @ 20:00:27 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 587 words

Reading Time: 4 minutes read

Sentences: 33 lines

Sentence Length: 18 words per sentence (average)

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

Copyright Owner: © AMBCrypto

News ID: 23206249

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 27 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #103

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