Bitcoin Futures Open Interest Close to $3 Billion, BTC Price Set to Trend Up

Bitcoin Futures Open Interest Close to $3 Billion, BTC Price Set to Trend Up – BeInCrypto

The total value of outstanding Bitcoin futures contracts traded at major exchanges is closing in on $3 billion. Although not an indicator of price trend alone, some traders believe that rising open interest during upwards price movements suggests that the underlying market trend will continue.