🧵 2. Daily open interest in bitcoin futures has doubled since Jan 1, reaching $38 billion. This rise aligns with bitcoin's price increase to $70,000 in 2024.
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🧵 2. Daily open interest in bitcoin futures has doubled since Jan 1, reaching $38 billion. This rise aligns with bitcoin's price increase to $70,000 in 2024.
This is the only worrisome part of this bull market, people are a tad ahead of the run, imho. As Grayscale said yesterday, we kinda are in the 5th inning of the run already.