Bitcoin Futures and Options open interest
Some interesting things to watch
Open Interest often shows where people think price is going.
Here it is currently:
(Source: https://cointelegraph.com/news/bitcoin-leverage-use-sends-oi-to-96b-but-there-s-a-catch)
Here's to hoping it pushes prices higher.
Hey @jrcornel, great post! I always appreciate your concise market analysis, especially when it comes to Open Interest. That chart from Cointelegraph is a fantastic visual aid, really highlighting where the smart money (or at least, some money!) is leaning.
It's fascinating to see the OI climbing like that. Do you think this bullish leaning is sustainable given the current macro environment? I'm curious to hear your thoughts on potential catalysts that could reinforce this trend or, conversely, what could cause a reversal. Thanks for sharing your insights – definitely something to keep an eye on! Let's hope that upward pressure translates to some green candles! What's everyone else thinking about this?