El Salvador Remains in the Red on Bitcoin Holdings, But Losses Are Narrowing
It’s been a bit more than two years since the country made bitcoin kanunî tender there.
It’s been a bit more than two years since the country made bitcoin kanunî tender there.
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.
BTC prices have doubled this year amid a spot ETF push by prominent traditional finance firms.
The latest price moves in crypto markets in context for Nov. 9, 2023.
Over $62 million in bitcoin shorts were liquidated in the past 24 hours, contributing to higher prices.
Bitwise’s CIO sees future upside to bitcoin’s price as the world’s largest digital asset has 30% this month.
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 prices, one observer noted.
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.
The whale wallet was the 14th-largest individual bitcoin owner in March, holding 46,500 tokens.