Bitcoin open interest matches record high amid predictions of BTC price ‘fireworks’ this month

Bitcoin (BTC) is in line for “explosive” price action as derivatives markets return to form in 2022, a new forecast states.

In a tweet on Jan. 4, Vetle Lunde, an analyst at Arcane Research, confirmed that BTC denominated open interest (OI) had returned to all-time highs seen in November.

Open interest demands “fireworks” within weeks

Bitcoin futures and options have taken a beating during the end-of-year BTC/USD retracement, but as the holiday period ended, consensus began to form around a…

Source link

About bitcoin

Check Also

Bitcoin bulls must reclaim these 2 levels as ‘death cross’ still looms

Bitcoin (BTC) faces a sink-or-swim resistance test to confirm its “macro breakout,” new analysis says. …

Leave a Reply

Your email address will not be published. Required fields are marked *