in Bitcoin ( BTC) futures open interest reached the highest value of the year with $11.5 billion.
Total open interest on cryptocurrency futures exchanges ( OI ) surpassed $11.5 billion on June 25, reaching an all-time high for this year. According to Onchain data, Binance OI on Bybit, OKX and some exchanges exceeded $11.5 billion. When we take it as a time frame-price movement, it is a direct price from $ 24,800 to $ 31,500. BTC we watched. In this process, generally “short” oriented transactions were liquidated. As of yesterday, open futures transactions worth $11.5 billion were seen. What does BTC, where record data come back to back, mean?
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Most investors supported this price to a great extent from the futures side, as BTC gained 25 percent in value. Even if the price structure fell one unit back, it would then increase by three units. The positive social metrics also affected investors, increasing the interest in futures transactions.
With the rise of BTC, both altcoin and BTC-based futures have reached a record level, as money transitions to altcoins are expected. The open futures value, which reached $11.5 billion for the first time in the last year, was interpreted by some as the continuation of the upward trend, and by some as the beginning of a decline.
