Bitcoin futures open interest jumps by $1B: Manipulation or hedge? By Cointelegraph
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© Reuters.
Bitcoin’s (BTC) open interest on derivatives exchanges experienced a sudden surge of $1 billion on Sept. 18, prompting investors to question whether whales were accumulating in anticipation of the unsealing of Binance’s court filings.
However, a closer look at derivatives metrics suggests a more nuanced picture, as the funding rate did not exhibit clear signs of excessive buying demand.
Continue Reading on Coin Telegraph
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© Reuters.
Bitcoin’s (BTC) open interest on derivatives exchanges experienced a sudden surge of $1 billion on Sept. 18, prompting investors to question whether whales were accumulating in anticipation of the unsealing of Binance’s court filings.
However, a closer look at derivatives metrics suggests a more nuanced picture, as the funding rate did not exhibit clear signs of excessive buying demand.
Continue Reading on Coin Telegraph