Summary
- After Donald Trump's victory in the U.S. presidential election, the size of Bitcoin (BTC) futures open interest increased significantly.
- BTC futures open interest surged from $39 billion five days ago to $60.9 billion now.
- Bitfinex Research stated that after Trump's victory, traders are optimistic about the rise in Bitcoin prices.
On the 28th (local time), the professional media Doublelog reported that after Donald Trump's victory in the U.S. presidential election, the size of Bitcoin (BTC) futures open interest (OI) increased significantly. BTC futures open interest was at $39 billion five days ago (local time), but has now surged to $60.9 billion. Bitfinex Research stated, "After Trump's victory, traders are optimistic about the rise in Bitcoin prices, and this sentiment is seen as a factor influencing the increase in futures open interest," adding, "The size of the open interest decreased sharply on the 22nd, and the price retest near $93,000 was a normal correction process."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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