Open interest in bitcoin futures reached its highest since November 2022, exceeding $12.2 billion. data Coinglass, on November 6, the indicator was $13.1 billion. By January 1 of this year, it had dropped to $9.2 billion, but had grown by 32% from the January low, writes RBC Crypto.
The growth of OI occurs simultaneously with the growth of the bitcoin rate, which has risen in price by 71% since the beginning of the year – from $16.5 thousand to $28.3 thousand. June 11.
The OI indicator for bitcoin futures reached its maximum value on April 14, 2021, rising to $24.2 billion. The growth of the parameter then preceded the establishment of a historical high by bitcoin on April 15 at the level of $62.8 thousand. After taking this level, BTC by July of the same fell to levels of about $30 thousand, and then went up again.
On November 9, 2021, the ROI rose again to 23.05 billion, and on November 10, Bitcoin set an all-time high at $69,000.
Source: Cryptocurrency
I am an experienced journalist and writer with a career in the news industry. My focus is on covering Top News stories for World Stock Market, where I provide comprehensive analysis and commentary on markets around the world. I have expertise in writing both long-form articles and shorter pieces that deliver timely, relevant updates to readers.
