#BTC stands on $51K, bull run coming?#


The significant increase in open interest in Bitcoin futures, particularly the $6.5 billion influx within the first two weeks of February, highlights a robust uptrend in market participation. This surge, surpassing previous peak levels seen in November 2021, indicates a growing confidence and interest in Bitcoin among investors. The fact that open interest is outpacing the rise in spot prices suggests that investors are increasingly using derivatives to gain exposure to Bitcoin's price movements, potentially amplifying both upside and downside risks in the market.
BTC0.13%
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