Over $5 billion in open interest has been added since Monday, Coinglass data shows, while BTC prices have risen from the $68,500 level to $71,000 in the period. Of the $37.7 billion, traditional finance powerhouse Chicago Mercantile Exchange (CME) holds the highest bets at $11 billion, followed by crypto exchange Binance at $8 billion.
Related posts
-
Bitcoin Eyes a Positive Finish to September, Setting the Stage for ‘Uptober’
With two days remaining in September, bitcoin’s monthly gain stands at 11.11%, setting the stage for... -
Moo Deng spikes as FOMO pushes holders to a record high
Moo Deng, the recently launched Solana Pump.fun token, continued rising on Saturday, reaching an all-time high... -
Analyst Backs Bitcoin Hitting $290,000 In Bull Run – Here’s Why
In what has been an “unusual” September, Bitcoin (BTC) has now recorded another positive weekly performance. ...