Bitcoin Open Interest Hits 350K BTC: Rising Levels Suggest Growing Market Activity

Description

Bitcoin has made an impressive recovery, surging over 15% since Monday’s flash crash brought the price briefly to the $89,000 level. The rebound has reignited bullish momentum, with BTC now attempting to push above a key supply zone. Analysts believe that once BTC clears these levels, it could deliver significant returns, setting the stage for a broader rally in the cryptocurrency market. Adding to the optimism, data from CryptoQuant reveals that open interest on top exchanges has climbed to 350...