Tag: Open

Shiba Inu Open Interest Explodes On Top Exchanges

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In the volatile landscape of cryptocurrency markets, Shiba Inu, the popular meme coin, has once again captured the attention of investors with a notable surge in value, despite losing 4% of its value in the last day. The memecoin reached a high of $0.00002296 after experiencing a temporary dip to $0.00002092 just the day before. Source: CoinMarketCap Open Interest Surge Signals Market Activity A key indicator of this newfound interest in Shiba Inu lies in the surge of open interest observed across major exchanges. Leading the charge are exchanges like…

Crypto-Skeptic Sen. Sherrod Brown Is Open to Advancing Stablecoin Legislation, Bloomberg Reports

Congress has for years struggled to get any new laws passed for cryptocurrencies, providing greater clarity sought by both critics and proponents of digital assets. Stablecoin legislation may, nonetheless, be the lowest-hanging fruit given that stablecoins strongly resemble other regulated products like money-market funds, and there’s a strong incentive to create guardrails since they own important conventional assets like U.S. Treasuries. Source

Solana Open Interest Drops $370 Million Amid Network Troubles, $200 Still Possible?

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Amid the issues that continue to plague the network, the Solana open interest has seen a drop in the last week. This drop coincides with a decline in the cryptocurrency’s price, suggesting that investors may be getting wary of waiting for a fix to come through. Solana Open Interest Drops By $370 Million Solana saw its open interest rise steadily since the start of 2024, hitting an all-time high after an all-time high in the process. Between January and April, the Solana open interest went from around $1.22 billion to…

Bitcoin gains bullish momentum amid declining open interest

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Bitcoin (BTC) has gained a slightly bullish momentum after its fall from the $70,000 mark. The small push comes as the BTC total open interest (OI) plunged by over $1 billion. BTC is up by 0.6% in the past 24 hours and is trading at $66,500 at the time of writing. The asset’s market cap surged to $1.3 trillion with a daily trading volume of $44 billion. BTC price, whale activity, open interest and RSI – April 3 | Source: Santiment According to data provided by Santiment, the total Bitcoin…

Dogecoin Open Interest Hits Record $2.2 Billion

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The Dogecoin open interest has been on the rise over the past few weeks, breaking and setting new all-time highs twice this March. Unsurprisingly, the price of the meme coin has been reflecting the growth seen by its open interest. This recent bullish momentum pushed the price of DOGE to break the $0.22 mark, its highest point in three years. However, the question is – how far can this rally go for the foremost meme token? Dogecoin Open Interest Breaks Above $2 Billion According to data from CoinGlass, the Dogecoin…

Bitcoin futures open interest hits record $36b before options expiry

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Bitcoin futures open interest surged to over $38 billion today, as BTC price increased 10% over the week.  The surge reflects growing investor interest and speculative activity around Bitcoin’s future price movements. Binance, the world’s leading cryptocurrency exchange, reported its highest BTC open interest to date, at $8.4 billion. BTC futures open interest | Source: Coinglass Record-setting open interest in Bitcoin futures comes as $15.1 billion worth of Bitcoin and Ethereum options are set to expire, potentially leading to increased volatility. Options expirations often trigger significant price movements as traders…

Bitcoin Futures Open Interest Hits Record $37.55 Billion With CME Leading the Pack

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On Friday, March 29, 2024, the combined open interest in bitcoin futures reached a new all-time peak of $37.55 billion. This uptick occurs amid buoyant bitcoin markets and a growing attraction from institutional investors. Bitcoin Futures Open Interest Reaches Unprecedented $37.55 Billion Since the close of 2023, interest in bitcoin (BTC) derivatives has escalated, reaching […] Original

Ethereum Open Interest Has Reached A New All-Time High

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Ethereum has, for the most part, established a foothold above the $3,500 price level throughout the week as investors continue to anticipate a return to the $4,000 mark. Interestingly, the optimism has seen the open interest of Ethereum surging to new highs. The surge in open interest, although a bullish sentiment indicator, can also serve as a bearish signal of an impending change in market trend.  Ultimately, this metric added to the current dynamics of the Ethereum ecosystem, including regulatory uncertainty and scalability concerns hinting at a complicated price trajectory…