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Bitcoin records $32 Billion in Open Interest: Is BTC headed for a crash?
By Samantha LKM
As Bitcoin’s price surged to new highs of $87.5K, a record-breaking $32 billion has been invested in the cryptocurrency through open interest (OI). This unprecedented level of market activity raises concerns about the potential risks associated with such extreme leverage.
The surge in OI above $30 billion marks a significant turning point for the cryptocurrency’s future trajectory. The data suggests that traders are aggressively betting on further gains, but this also increases the likelihood of sharp corrections if sentiment shifts or price momentum falters.
Source: https://ambcrypto.com/bitcoin-records-32-billion-in-open-interest-is-btc-headed-for-a-crash/
