Bitcoin Futures VecUPE Open (OI) has achieved record levels of coding derivative exchanges as merchants expect the cryptocurrency and reach its highest new levels ever.
The open interest in Bitcoin (BTC) reached a slightly more than $ 80 billion on May 23, According to To Coinglass. It is a 30 % increase since the beginning of May, when the derivative speculators are loaded on the leverage in anticipation of the high prices of bitcoin.
Open benefit is the total number of future contracts due to allow traders to bet on the future price of Bitcoin, which has not been settled or closed, indicating the total amount of the current market speculation.
When OI is increasing, it indicates that the huge outstanding situations are built on the market, where many traders hold large positions with borrowed funds.
If the Bitcoin prices move against these excessive positions in the records, then traders are liquidated by force, and Flushout can create the pressure on bitcoin, which may lead to a rapid decrease in prices and high fluctuations.
However, analysts suggest that increased flows in Bitcoin exchange boxes (ETF), which have seen more than $ 2.5 billion this week, can face some of this extended financial lever.
Related to: Mirnsger from CFTC from CFTC says the upcoming futures contracts are “very soon.”
Bitcoin Options Markets show a similar pattern with an open interest more than $ 1.5 billion at $ 110,000 and $ 120,000 strike prices Defibit exchange. There are also more than a billion dollars in OI at a $ 115,000 strike, $ 125,000, and $ 130,000.
The virtual value contracts of about $ 2.76 billion on May 23 with 1.2 % mode/call, which means that there are more brief sellers than Longs (Call), and a maximum pain point of $ 103,000, where most losses will be made at the end of the validity, According to To get rid of.
Bitcoin slides to less than $ 111,000
Meanwhile, Bitcoin has lost its last gains and slits for a short period to less than $ 111,000 on the currency base, According to To TradingView.
Assets have now gained nearly 20 % since the beginning of the year and about 50 % since its collapse to $ 75,000 on April 7 after US President Donald Trump announced the global tariffs.
Bitcoin has reached the highest level ever at $ 112,000 on May 22 and was mostly traded above $ 111,000 over the past 24 hours, but it fell again to the lower level at 4:15 am UTA on May 23.
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