Bitcoin is currently trading around $70,800, maintaining a narrow range for the past few days.
Recent data indicates that Bitcoin’s open interest in derivatives has reached an all-time high. CryptoQuant analyst Maartunn has published the latest chart on Bitcoin’s open interest, which represents the total number of active derivative positions across all exchanges.
An increase in this metric signifies that investors are opening new positions in the market. As this trend develops, the overall leverage in the industry rises, potentially leading to greater volatility in Bitcoin’s price
