In a recent social media post, cryptocurrency trader Daan Crypto Trades pointed out a significant rise in Open Interest, underscoring the significance of comprehending OI. Open Interest is the total number of outstanding derivative contracts, including options or futures, that have not yet been resolved. A surge in OI suggests that more traders are speculating on the price fluctuations of Bitcoin, potentially resulting in heightened market volatility. Stay updated on the latest technology news by accessing NEWSLINKER.
