Glassnode: Futures open interest surged to $50.6 billion yesterday, confirming strong speculative activity
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Odaily Planet Daily Report Glassnode released data on the stating that the futures market confirmed strong speculative activity. On December 8, the open interest in futures soared to $50.6 billion, with a trading volume of $67 billion. This surge highlights traders' interest in betting on volatility and momentum after the recent rise in BTC. Additionally, with BTC breaking through $10,000, the options market is showing signs of readjustment. As of December 8, the open interest in options (OI) rebounded from $33.5 billion a week earlier to $37.3 billion, indicating that hedging activity has resumed. However, this is still lower than the peak of $45.4 billion in November.
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