Bitcoin futures open interest rises sharply since Trump wins election
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2024-11-29 01:02:01 7,694
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Golden Finance reported that since Trump won the election on November 5, open interest in Bitcoin futures has increased significantly. Data shows that open interest in Bitcoin futures has risen from US$39 billion on November 5 to the current level of 609. billion, indicating increased trading activity and market speculation. Bitfinex analysts said the increase in open interest appears to be a natural increase, driven by expectations of future price appreciation. Leverage accumulation is a common tool used by traders, including institutions, to position themselves against expected price movements.