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Fading Bitcoin open interest might hint at imminent market stability

Quick Take The current Bitcoin open interest is on an unprecedented low trajectory, nearing year-to-date (YTD) lows with approximately 400,000 Bitcoin in open interest contracts. Concurrently, the ratio of open interest to market cap has descended to the lower limit of its channel at 1.88%. This proportion saw its peak at 2.4%, coinciding with Blackrock’s […]. The post Fading Bitcoin open interest might hint at imminent market stability appeared first on CryptoSlate.
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