Data tracked by Wintermute show bitcoin futures now account for 48% of the total notional open interest in the crypto futures market, while alternative cryptocurrencies, including ether, account for the rest. In March, when optimism was at its peak, bitcoin represented just 31% of the global open interest.
Volatility Expected in Bitcoin Later Today as US Headline Inflation Data Is Expected to Tick Higher: Van Straten
November 13, 2024
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