DreamStage Posted January 14, 2020 #1 Posted January 14, 2020 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. Full Source News here: https://beincrypto.com/bitcoin-futures-open-interest-close-3-billion-btc-price-set-trend-up/ It seems that more and more Investors are accepting the fact Bitcoin adoption is becoming one unique thing in every place. Based on such informations, we can conclude that the more contracts the more investors are willing to buy and join such opportunities. As more people follow such trend the more likely bitcoin to follow up. This has been all since 2020 started and we have reached another ATH at $8.700. What you think about such news?
rdbase Posted January 14, 2020 #2 Posted January 14, 2020 Wait. Is this CME futures or that Bakkt thing everyone was talking about earlier on? Cause if it was the latter than you know why they are calling it Rekkt instead.
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