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Bitcoin open interest matches record high amid predictions of BTC price 'fireworks' this month
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Bitcoin (BTC) is in line for "explosive" price action as derivatives markets return to form in 2022, a new forecast states.
In a tweet on Jan. 4, Vetle Lunde, an analyst at Arcane Research, confirmed that BTC denominated open interest (OI) had returned to all-time highs seen in November.
Bitcoin futures and options have taken a beating during the end-of-year BTC/USD retracement, but as the holiday period ended, consensus began to form around a major comeback.
Institutional traders should become the
Read more on cointelegraph.comAbout this in other media
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