Looking at the historical #Bitcoin Open Interest chart gives a good idea of how mature and large this market has become. Even in the past years.
The 2021 top, although similar in $BTC valuation, is now surpassed by more than a twofold.
$5B vs $12B approximately. 

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The open interest of Bitcoin [BTC] has experienced significant volatility after the sudden price increase, with many positions being closed. However, the open interest of Bitcoin futures contracts has remained at a high level, with a sharp increase recently...

Bitcoin Up 3%, Open Interest Suddenly Soars!

As one of the bridges connecting Web3 and mainstream finance, Grayscale's initiatives in the crypto industry have attracted much attention. From the initial trust products of Bitcoin, Ethereum, and many well-known tokens, to the launch of Bitcoin spot ETF and Ethereum spot ETF this year, Grayscale's contributions to the crypto industry are evident.

Recently, Grayscale has listed 35 cryptocurrencies that it is considering adding to its products in the future.

Grayscale carefully selects 35 tokens: FDV minimum 300 million US dollars, more suitable for large investors

The author: Omkar Godbole, CoinDesk; Compiled by: Wuzhu, Jinse Finance

Summary:
- The "three-line breakthrough chart" of BTC indicates that the seven-month corrective trend has been bullishly resolved and is expected to hit a new all-time high.
- The candlestick chart shows that the resistance level is around $70,000.
Traders focused on the daily BTC candlestick chart may feel bored, as although there was an upward move on Monday, the price is still locked in a long-term directionless channel. However, a less tracked "three-line breakthrough chart" now shows that the bullish outlook is favorable for...