Bitcoin’s $70K push sees $1.94B OI surge, rebounding from last week’s Tether FUD

Bitcoin’s open interest just exploded by $1.94 billion today, with its price rallying toward the $70,000 mark. Coinbase has been dumping Bitcoin on the spot market since US markets opened. It’s a stark difference from last week’s Tether chaos, where new FUD (fear, uncertainty, doubt) rumors of an investigation by the US government spooked traders,