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News related to Crypto / Bitcoin Futures Open Interest Hits Record $37.55 Billion
« on: March 30, 2024, 12:02:56 AM »
And so institutions are not yet done,
https://news.bitcoin.com/bitcoin-futures-open-interest-hits-record-37-55-billion-with-cme-leading-the-pack/
So that is a big number to see and with this kind of interest to the market, this bull run might be very different. I mean obviously, it has change the cycle, as we reach new all time high pre-halving. But with this kind of enthusiast from whales and Wall Street, we could really be in for at least 6 digits as our new all high this bull cycle.
Quote
On Friday, March 29, 2024, the combined open interest in bitcoin futures reached a new all-time peak of $37.55 billion. This uptick occurs amid buoyant bitcoin markets and a growing attraction from institutional investors.
https://news.bitcoin.com/bitcoin-futures-open-interest-hits-record-37-55-billion-with-cme-leading-the-pack/
So that is a big number to see and with this kind of interest to the market, this bull run might be very different. I mean obviously, it has change the cycle, as we reach new all time high pre-halving. But with this kind of enthusiast from whales and Wall Street, we could really be in for at least 6 digits as our new all high this bull cycle.