Derivatives saw spike in Open Interest and volume as Bitcoin broke $66k

Andjela Radmilac

Bitcoin regained the $66,000 level in the night between May 15 and May 16, recovering some of the losses it incurred in the past week. This spike substantially impacted the derivatives market, significantly influencing both open interest and trading volume. Futures open interest, which indicates the total value of outstanding futures contracts yet to be settled, […]

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Derivatives saw spike in Open Interest and volume as Bitcoin broke $66k