Could Bitcoin’s Open Interest Peak Signal a New Price Rally?

Bitcoins open interest has reached a record level of $12 billion, a number last seen in January 2018. The spike in Open Interest coincides with Bitcoin’s price recovery, which has recently broken past the $47,000 mark. The Cryptocurrency community is jam-packed with the bullish spirit as the numerous metrics indicate a possible change of trend, The post Could Bitcoin’s Open Interest Peak Signal a New Price Rally? appeared first on CoinGape .