An increase in open interest signals that more money is flowing into the market and that traders are anticipating a near-term rise in the underlying volatility.
Interesting article about the open interest in bitcoin right now. I'm not an expert on the futures market but $5 billion doesn't sound like a lot to me. I believe the currency markets are over a trillion a day, so bitcoin seems still really small. At least it's going in the right direction.
Read the full story here....
https://finance.yahoo.com/news/open-interest-bitcoin-futures-surpasses-090930347.html
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