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news-imageOctober 15, 2024

Bitcoin Open Interest Hits Record High, What Does it Mean for BTC Price?

Rising Bitcoin open interest and demand indicate bullish sentiment among traders and signal an upcoming rally.
Publisher: CryptoPotato
Sentiment: Positive
BTC

More News Articles

Positive
cover-imageBenzinga
October 15, 2024

'Asia's Microstrategy' Metaplanet Buys Another 107 Bitcoin: Here's How Big Its Pile Has Grown

Metaplanet Inc., a Japanese company listed on the Tokyo Stock Exchange, on Tuesday announced a significant addition to its Bitcoin holdings. What Happened: In its press release the company stated that it had purchased an additional 106.976 bitcoin (CRYPTO: BTC) for approximately 1 billion yen, worth $6.7 million at current exchange rates, at an average price of 9,347,891 yen per bitcoin.

Positive
cover-imageBeInCrypto
October 15, 2024

$75,000 Bitcoin (BTC) Target Draws Huge Bets as Open Interest Hits Historic High

Bitcoin's (BTC) brief surge to $66,000 has attracted a surge in bullish predictions, with traders betting on an increase that could see the price surpass its all-time high. Although Bitcoin hasn't yet set a new record, its Open Interest (OI) has reached a peak, signaling that interest in the leading cryptocurrency is at its highest level in a considerable time.

Neutral
cover-imageUToday
October 15, 2024

One-Year Bitcoin (BTC) Cycle on Verge of Being Broken

The market for Bitcoin recently indicated that a reversal is imminent, which has sparked speculation that the one-year cycle may soon end. In the past, Bitcoin has generally followed a predictable pattern; however, the way the market is acting right now points to a possible break from this pattern.

Positive
cover-imageCointribune
October 15, 2024

Bitcoin Goes Nuclear: A new era for mining?

Talen Energy Corporation has just acquired 100% of Nautilus Cryptomine, a 200-megawatt mining farm in Pennsylvania. This operation marks a turning point in the use of nuclear energy for mining, paving the way for a greener exploitation of Bitcoin.

Positive
cover-imageBitcoinist
October 15, 2024

BlackRock CEO Fink Unleashes Bitcoin Bombshell In Q3 Earnings Call

During BlackRock's third-quarter earnings call, CEO Larry Fink articulated a strong endorsement of Bitcoin and digital assets. Fink's commentary not only underscored Bitcoin as a standalone asset class but also paralleled its burgeoning significance with historical financial markets like mortgages which are now worth $11 trillion and high-yield bonds.

Positive
cover-imageBitcoinist
October 15, 2024

Bitcoin Leads As Crypto Fund Inflows Hit $407M—What's Driving the Surge?

The cryptocurrency market witnessed a significant influx of investments last week, as notable factors played a key role in shifting investor sentiment. According to the latest report from CoinShares, digital asset investment products saw $407 million in net inflows globally, marking a sharp recovery after a previous week of outflows.

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