RATE Group | Bitcoin Open Interest on CME Returns to Pre-March Crash Levels
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Bitcoin Open Interest on CME Returns to Pre-March Crash Levels

29 Apr Bitcoin Open Interest on CME Returns to Pre-March Crash Levels

Posted at 08:24h in Cryptocurrency News by

Open interest for Bitcoin

Bitcoin futures are roaring back after a significant drop in March. Last month, open interest fell after an historic sell-off where the entire cryptocurrency market dropped some 50% in a single day.

Open Interest Returns to Normal

Bitcoin futures exchanges are roaring back in a big way, indicating that the market may be showing some strength. As Unfolded (@cryptounfolded) recently covered, open interest is steadily rising and spiked yesterday.

Open interest was rising rapidly in February before the COVID-19 panic rattled markets. As BeInCrypto reported, open interest began to rise mid-April and has continued to grow since then. The rebound seems to mirror the rise seen in mainstream U.S. financial markets. Volume for futures also…

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