Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Sharpmax on March 15, 2021, 09:50:53 PM
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Bitcoin may be en route to retest underlying support levels but the record $22.5 billion open interest on BTC futures shows bulls expect the uptrend to continue.Bitcoin (BTC) price has rallied 22.5% in March, but as the price moved up, some buyers began to use excessive leverage, according to derivatives data. Meanwhile, futures open interest reached a $22.5 billion record-high, causing investors to question how sustainable the current rally is. Source link (https://cointelegraph.com/news/bullish-uptrend-intact-as-bitcoin-futures-open-interest-hits-22-5b?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)