“Bitcoin open interest has surged in the past 3 days,” noted anonymous cryptocurrency trader Daan Crypto Trades in a June 5 post on X. Open interest is the total number of derivative contracts (such as options or futures) that have not yet been settled — and an increase in open interest could indicate that more traders are speculating. BitLab Academy Director Kelly Kellam explained that the sudden spike in Bitcoin open interest and the persistence of positive funding rates indicate that Bitcoin price “could” be in for a choppy move — a sudden surge in price that goes against the current trend. “With positive premiums persisting (everyone is long leveraged) and open interest rising, it’s a recipe for a small BTC correction,” he added. According to CoinGlass, Bitcoin’s open interest jumped $2.02 billion in three days to $36.92 billion on June 6. Open interest is the total number of derivative contracts (such as options or futures) that have not yet been settled. Large amounts of open interest can increase price volatility, especially when traders hold multiple positions and decide to suddenly adjust their strategies. It also affects the overall sentiment of traders who use open interest as a signal to decide whether to hold or sell crypto assets. #美联储利率决策即将公布 #第55期新币挖矿IO #IO价格预测 #币安用户数突破2亿 #币安用户数突破2亿 $BTC

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