Is The Bitcoin Open Interest Too High Or Can The BTC Price Still Rally?

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Is The Bitcoin Open Interest Too High Or Can The BTC Price Still Rally? - NewsBTC

Quick Summary:

Related Reading: Analyst Who Called Dogecoin Price Rally In 2024 Predicts 300% Rally In April The total Bitcoin open interest is currently sitting at $56.17 billion, falling approximately 22% from its all-time high of $71.85 billion.

Besides the Bitcoin open interest remaining high, a crypto analyst has also given reasons why the BTC price could see a crash from here.

Bitcoin Open Interest Still Above $56 Billion Data from the Coinglass website shows that the Bitcoin open interest is still quite high and not far off from its November 2024 highs after the BTC price hit a new peak above $109,000.