Bitcoin's open interest hits $70 billion, traders speculate on price movements toward $100,000.

From Investing.com, November 24, 2024 09:30:20 AM:

Bitcoin’s open interest hits a record $70 billion, signaling increased market activity and potential for big price movements. Traders are speculating on both upward and downward trends, leading to higher volatility. Bitcoin breaks out of a downward channel, trading near $98,000 with resistance at $100,000. Watch out for support levels at $85,000 and $72,000.

Read more at Investing.com: $70 Billion Bitcoin (BTC) OI Surge or $100,000? Who’s First? By U.Today