Bitcoin Open Interest Surges 9% Amid Price Recovery

Bitcoin Open Interest is gaining significant attention as it recently spiked by 9%, coinciding with a notable recovery in Bitcoin’s price, which has soared to $102,000.This increase in open interest signals a surge in BTC trading positions and reflects the growing interest in the cryptocurrency derivatives market.

Bitcoin Price Recovery: Surge To Monthly High Of $97K

Bitcoin price recovery has been a hot topic among investors and analysts alike, especially after the cryptocurrency surged by 3% in just 24 hours, peaking at a monthly high of $97,822.This recent uptick is particularly notable given that Bitcoin had been trading below the $95,000 threshold for over a week, signaling a potential shift in the Bitcoin market analysis.

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