Investors See Opportunity With Current Bitcoin Price Cryptocurrency

This is an opinion piece by Mike Ermolaev, head of public relations at the ChangeNOW exchange.

As a retail trader or someone who just got started with bitcoin not too long ago, you might be looking for clues as to what to expect with its price. A second opinion is also important for seasoned bitcoin investors to compare their own views.

Analyzing Bitcoin Futures Open Interest

Bitcoin open interest provides insight into how much money is flowing in and out of the bitcoin derivatives market. Derivatives such as bitcoin futures and perpetual swaps are used by traders to speculate on the rise or fall in the price of bitcoin without having to own the digital asset. Higher open interest for bitcoin means more traders opened positions, while lower interest means more traders closed them.

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