Bitcoin Futures VecUPE Open (OI) has achieved record levels of coding derivative exchanges as merchants expect the cryptocurrency and reach its highest new levels ever.
Bitcoin (BTCThe open interest in future contracts reached a little more than $ 80 billion on May 23, According to To Coinglass. It is a 30 % increase since The beginning of May While the derivative speculators are loaded on the leverage in anticipation of the high bitcoin prices.
Open benefit is the total number of hanging Futures Contracts that allow traders to bet on the future price of Bitcoin, which have not been settled or closed, indicating the total amount of the current market speculation.
When OI is increasing, it indicates that the huge outstanding situations are built on the market, where many traders hold large positions with borrowed funds.
If the price of Bitcoin moves against these excessive situations, then traders are liquidated by force, and Flushout can create the pressure pressure on Bitcoin, which can cause a file A rapid decrease in prices And high fluctuations.
but, Analysts suggest The increase in the Fund’s flows in the sales boxes (ETF), which witnessed more than $ 2.5 billion this week, can contradict some of these extended financial lever.
Related to: Mirnger says from CFTC from CFTC:
Bitcoin Options Markets show a similar pattern with an open interest more than $ 1.5 billion at $ 110,000 and $ 120,000 strike prices Defibit exchange. There are also more than a billion dollars in OI at a $ 115,000 strike, $ 125,000, and $ 130,000.
The virtual value contracts of about $ 2.76 billion on May 23 with 1.2 % mode/call, which means that there are more brief sellers than Longs (Call), and a maximum pain point of $ 103,000, where most losses will be made at the end of the validity, According to To get rid of.
Bitcoin slides to less than $ 111,000
Meanwhile, bitcoin lost a little Modern gains And sliding briefly to less than $ 111,000 on Coinbase, According to To TradingView.
The assets have now gained nearly 20 % since the beginning of the year and about 50 % since its collapse to $ 75,000 on April 7 after US President Donald Trump announced the global tariffs.
Bitcoin has reached the highest level ever at $ 112,000 on May 22 and was mostly traded above $ 111,000 over the past 24 hours, but it fell again to the lower level at 4:15 am UTA on May 23.
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