Attention, crypto enthusiasts! đ
Open interest in Bitcoin derivatives has hit an all-time high of $40.5 billion, just as BTC was on the verge of breaking the $70,000 barrier on Oct. 21.
- CoinGlass reported that the CME leads with 30.7% of OI, followed by Binance with 20.4% and Bybit with 15%.
- During high OI, sharp price movements can cause cascading liquidations, affecting the spot market.
- BTC reached $69,380 before pulling back to $69,033.
What do you think? Leave us your comments!
