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Is Rising Bitcoin Futures Open Interest Cause For Concern?

The beneath is from a current version of the Deep Dive, Bitcoin Magazine’s premium markets e-newsletter. To be among the many first to obtain these insights and different on-chain bitcoin market evaluation straight to your inbox, subscribe now.

Aggregate bitcoin futures open curiosity rise is barely beneath all-time ranges made on the native bitcoin market high in April. Is this trigger for concern? 

While futures open-interest and leveraged bets favoring the lengthy aspect have definitely elevated over the current weeks with bitcoin’s feverish rally previous earlier all-time highs, there are a couple of key distinctions between the market construction in April versus what we are seeing now. 

Source: Glassnode

Source: Glassnode

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