Cryptocurrency Q&A
What is bitcoin's open interest tally?
What is bitcoin's open interest tally?
SumoPower
Tue Aug 06 2024
|
7 answers
1753
Could you please clarify for me the current state of Bitcoin's open interest tally? I'm particularly interested in understanding how this metric is calculated and what it signifies in terms of market sentiment and potential future price movements. Is there a specific platform or resource you would recommend for tracking this data? And how does the current open interest tally compare to previous levels, both historically and in the recent past? Thank you for your insights.
7 answers
CryptoEmpire
Wed Aug 07 2024
Notably, the open interest tally has risen by 22% since the beginning of the year, indicating a heightened level of engagement and investment in these products.
Was this helpful?
88
92
SamuraiCourageous
Wed Aug 07 2024
This trend brings the current open interest tally closer to the record high of $24 billion observed in mid-November 2021.
Was this helpful?
278
72
charlotte_bailey_doctor
Wed Aug 07 2024
The cryptocurrency market has seen a significant surge in activity, with open interest in perpetuals and standard futures exceeding $21 billion.
Was this helpful?
387
80
Alessandra
Wed Aug 07 2024
This increase highlights the growing popularity and adoption of derivative products in the crypto space.
Was this helpful?
336
61
Daniela
Wed Aug 07 2024
At that time, the price of bitcoin surpassed $65,000, marking a significant milestone for the cryptocurrency.
Was this helpful?
140
50
Load 5 more related questions
