Bitcoin Open Interest To Cap Ratio Hits 2-Year High, Cooldown Imminent?

Quick Summary:

Data shows the Bitcoin Open Interest to Market Cap Ratio has surged alongside the latest run in the asset’s price to the new all-time high (ATH).

Because of this reason, the Open Interest is also sometimes called a measure of the ‘Paper’ BTC present in the sector.

It now remains to be seen whether the Market Cap would be able to grow despite the overheated conditions brewing in the derivatives side, or if another mass leverage washout would follow for Bitcoin.

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Article Details

Author / Journalist: Keshav Verma

Category: Crypto

Markets: Hungary

Topics: Btc Bitcoin Cooldown BTCUSDT Bitcoin News Bitcoin Bitcoin Open Interest To Market Cap Ratio Bitcoin market cap Bitcoin open interest

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-09 @ 17:00:23 (4 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 459 words

Reading Time: 3 minutes read

Sentences: 32 lines

Sentence Length: 15 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 23481645

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