Trump's victory drives up Bitcoin derivatives, BTC futures open interest exceeds $60 billion
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Odaily Planet Daily Report: Since Donald Trump's victory on November 5, coin futures open interest has risen sharply. Coinglass data shows that coin futures open interest has increased from $39 billion on November 5 to the current $60.9 billion, indicating increased trading activity and market speculation. Bitfinex analysts said the increase in open interest appears to be a natural growth driven by expectations of future price appreciation. Leverage accumulation is a common tool used by traders, including institutions, to position themselves based on expected price trends. ()
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