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Bitcoin Open Interest Hits Peak Since FTX Crash: What It Means

[Aug 9, 2023 10:00 AM] In a market that has been relatively quiet for weeks, Bitcoin (BTC) has suddenly sprung to life, with its Futures Open Interest (OI) reaching levels not seen since the FTX crash. Open Interest, a metric that measures the total number of outstanding…

Bitcoin Retraces Back From $30,000 As Profit Taking Spikes

[Aug 9, 2023 6:00 AM] Bitcoin had surged above $30,000 earlier during the past day but has since observed a retrace as profit-taking from traders has spiked. Bitcoin Profit-Taking Volume Is Currently More Than Twice The Loss-Taking One Bitcoin showed some promising…

Why Is Bitcoin And Crypto Surging Today?

[Aug 9, 2023 12:15 AM] In the last 24 hours, Bitcoin has experienced a 2% surge, pulling the broader crypto market along with it into a bullish trajectory. Leading the charge among altcoins are PEPE with an 8% gain, followed closely by SHIB and HBAR both at 6.3%, TON at…

Private Equity Giant David Rubenstein Makes the Case for Bitcoin

[Aug 8, 2023 3:19 PM] Billionaire private equity titan David Rubenstein believes Bitcoin (BTC) is here to stay thanks to growing institutional interest as evidenced by BlackRock’s application for a spot bitcoin ETF as well as general global demand for a form of money…

Bitcoin Funds Witness Largest Weekly Outflows Since March: Report

[Aug 8, 2023 11:00 AM] The latest weekly report from CoinShares reveals that crypto investment products, particularly Bitcoin funds, saw major outflows for the third consecutive week. As investors continue to take profit, a total of $107 million in outflows was recorded…

Bitcoin Miners Show Accumulation Again, Bullish Sign?

[Aug 8, 2023 9:00 AM] On-chain data shows that Bitcoin miners have been expanding their reserves recently, a sign that could be bullish for the asset’s price. Bitcoin Miner Reserve Has Been Trending Up Recently As pointed out by an analyst in a CryptoQuant post…