The futures market has traditionally been a barometer for investor sentiment. Open interest, representing the total number of outstanding futures contracts that have not been settled, is a measure of market activity. Historically, rising Bitcoin prices have been correlated with an increase in open interest, signaling heightened speculative activity. However, Bitcoin’s recent ascent past $28,000 […]
The post Declining open interest in futures market contrasts Bitcoin’s bullish rally appeared first on CryptoSlate.
Originally appeared here:
Declining open interest in futures market contrasts Bitcoin’s bullish rally