Bitcoin open interest hits record high as bulls stampede toward new BTC price highs
Institutional investor demand and US fiscal uncertainty drive Bitcoin futures to record highs. Will BTC price follow?
Key takeaways:
Bitcoin futures open interest hit a record $72 billion, signaling rising use of leverage among institutional investors.
$1.2 billion in shorts at $107,000 to $108,000 are at risk of liquidation, boosting BTC’s breakout odds.
