Binance Open Interest Hits All-Time High
Son Min
Summary
- It was reported that Binance's open interest has reached an all-time high of $11.7 billion.
- Having OI above the 50-day moving average indicates that the derivatives market plays an important role in driving the rally.
- This suggests to investors that there is active movement in the Binance derivatives market.
Binance's open interest (OI) has reached an all-time high.
On the 12th (local time), CryptoQuant reported on X that "Binance OI has reached an all-time high of $11.7 billion," and evaluated that "having OI above the 50-day moving average indicates that the derivatives market plays an important role in driving the rally."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit