The notional open interest in BTC options worldwide stood at $17.5 billion at press time, while open interest in the futures market was $15.84 billion.
Large movements in spot markets led to open interest surging to $35 billion over the weekend, indicating highly leveraged bets from traders hoping for even higher prices.
Every evvel in a while, open interest sees a spike in a relatively short amount of time. When that happens, it nearly always marks a turning point for bitcoin...
The NFT platform, used to trade Bored Apes and Pudgy Penguins, laid off 50% of its employees as digital arka collectibles' floor prices continue to fall.