A bitcoin short squeeze for the ages as futures open interest collapses

CoinDesk1h agoUpdated 1h ago
A bitcoin short squeeze for the ages as futures open interest collapses
Smart Read

Falling open interest and subdued funding rates suggest the rally remains structurally healthy.

Coins in this story

BTC
₹79,271.00
+2.18%

Discussion

Related stories

CoinDesk

Bitcoin extends 7-day advance to roughly 25%

Bitcoin crossed $80,000 for the first time since May, extending its seven-day advance to roughly 25%.

CoinTelegraph

Bitcoin RSI bullish divergence draws 2022 comparisons as analysis weighs new price trend

Bitcoin price analysis eyes the potential end of its current macro downtrend based on weekly RSI signals.

CryptoSlate

A $215 billion altcoin rally rests on Bitcoin holding its reclaimed market structure

The altcoin rally added $215 billion in market capitalization between Aug. 19 and Aug. 22, pushing the combined value of coins outside Bitcoin (TOTAL2) up more than 24% and back above $1 trillion, according to CryptoQuant analyst Darkfost. Darkfost also found that 56% of Binance-listed altcoins have reclaimed their…

KryptoKite aggregates and summarises third-party crypto news. This is informational content, not investment advice. KryptoKite does not recommend buying or selling any asset.