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High Leverage Alert! Bitcoin Open Interest Soars to $40B—Will It Crash or Surge?
- October 21, 2024
- Posted by: Gordon
- Category: ICO Blog, IGH News, Market Insights, Market News
No CommentsAs Bitcoin continues to flirt with the $70,000 mark, it faces mounting pressure from both market forces and regulatory institutions. The recent surge in open interest (OI) on Bitcoin futures, now exceeding a record $40.5 billion, signals more leverage in the system. Meanwhile, central banks, like the Federal Reserve Bank of Minneapolis, are proposing potential