Bitcoin's open interest surges without price movement, sparking confusion among traders.

From Investing.com

October 10, 2024 09:00 AM:

Bitcoin’s open interest (OI) has surged without price movement, puzzling traders. OI indicates market participation. OI for Bitcoin, Ethereum, and other cryptos has spiked. Speculation suggests large players preparing for major events, hedging against risks, or anticipating a short squeeze. Market mystery persists as OI rises while price remains stable.

Read more at Investing.com: This Massive Bitcoin (BTC) Surge Makes Zero Sense By U.Today