Bitcoin Outperforms as Traders Prepare for Next Leg Higher


The surge in bitcoin futures open curiosity, or complete variety of excellent spinoff contracts, over the previous month coincided with the launch of the primary bitcoin futures-based exchange-traded fund (ETF) launched by ProShares, buying and selling underneath the ticker BITO. “Now, the open interest has declined substantially, particularly when subtracting the BITO contribution,” Arcane wrote in a analysis report.