Bitcoin Price Surge to $112,000 Sparks New Long Positions as Open Interest Rises, Says Glassnode
2025-07-10 12:23:22
Main Idea
Bitcoin's price surge to $112,000 has led to an increase in open interest (OI), indicating a shift in market dynamics compared to previous rallies.
Key Points
1. Glassnode reported a notable shift in market dynamics during Bitcoin’s recent surge to $112,000.
2. Unlike previous rallies, this price increase was accompanied by a rise in open interest (OI).
3. The trend suggests transient price movements driven by short-term liquidation events.
Description
On July 10, Glassnode reported a notable shift in market dynamics during Bitcoin’s recent surge to $112,000. Unlike the previous rally in late June, where open interest (OI) declined as
$BTC
$112996.9
+3.23%
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