Insights

As Bitcoin breaks $24k, futures open interest increases 11% in 24 hours

exchange681 week ago

0 0 1 minute read

Quick Take

Bitcoin breaks through $23,000 on the back of Bidens remarks about the US banking system.
Futures Open Interest in Bitcoin increases by 11% in 24 hours, with most open interest coming from Binance and CME exchanges.
In addition, GBTC is up over 3% today, 20% in the past month, and up 54% YTD

Futures Open Interest: (Source: Coinglass)

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.