🔗 Crypto & Blockchain

$4.3 Billion Open Interest Spike in BTC and ETH: Risk Back On?

Bitcoin and Ethereum just saw open interest explode by over $2 billion each in a single day. Traders smell blood in the water—or is it just hot air?

Charts of surging Bitcoin and Ethereum perpetual futures open interest

⚡ Key Takeaways

  • BTC and ETH open interest up $2.1B and $2.2B in 24h, highest in weeks/months 𝕏
  • Coinbase Premium positive signals U.S. demand return amid ceasefire hopes 𝕏
  • use longs dominate; historical parallels warn of potential reversals 𝕏
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Originally reported by Decrypt

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