Bitcoin Futures' Open Interest Hits Record High as BTC Breaks $71K
Bitcoin futures' one-day open interest experienced its largest surge in 24 hours since June, with an increase of over 20,000 BTC. U.S. listed spot ETFs have seen $2.7 billion of net inflows since October 16. Bitcoin-tracked futures set a new record high open interest in U.S. dollar terms on Tuesday as the asset surpassed $71,000 for the first time since June. The rise in stablecoin liquidity and Bitcoin transactions is contributing to the formation of "UnmuteUptober." The ETH/BTC ratio has also slid to its lowest since April 2021.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
UK to Roll Out Comprehensive Crypto Regulations by 2026
Bitcoin’s history of bull market drawdowns
The most brutal drawdowns have historically happened at the tail end of bull runs
Base sees record 106 TPS as total value locked crosses $10B
Crosschain swaps without bridges: Here’s how it works
Trending news
MoreCrypto prices
More
