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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
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