Bitcoin Open Interest Hits Record $19.8 Billion—Is The $100K Rally About to Begin?

The Bitcoin price is rising, reaching as high as $66,173 today; the asset appears to have hit a milestone behind the scenes. According to a CryptoQuant analyst, EgyHash, Bitcoin’s open interest—a measure of the total number of outstanding derivative contracts—has reached a new all-time high. This development signals heightened activity in the Bitcoin market and suggests strong sentiment among... source: https://www.newsbtc.com/bitcoin-news/bitcoin-open-interest-hits-record-19-8-billion-is-the-100k-rally-about-to-begin/