From BigGo Finance · BigGo Finance · · 1m
Crypto Rebound Fuels Derivatives Surge
Bitcoin open interest hits $23.4 billion as crypto prices rebound.
In brief
Bitcoin open interest hits $23.4 billion as crypto prices rebound. Bitcoin derivatives open interest reached $23.4 billion (31 trillion won) amid crypto price recovery. Originally reported by BigGo Finance.
Derivatives Open Interest
Bitcoin derivatives open interest reached $23.4 billion (approximately 31 trillion won) as crypto prices rebounded.
Ethereum and Solana Open Interest
Ethereum derivatives open interest stood at $15.5 billion (approximately 20.6 trillion won) and Solana at $2.7 billion (approximately 3.6 trillion won).
Market Capitalization Rebound
Cryptocurrency market capitalization excluding top 10 assets rebounded to $226.71 billion (approximately 300.6 trillion won).
Technical Indicators
RSI at 57.79 and MACD above signal line indicate improving short-term buying momentum.
MVRV Metrics
Dogecoin and XRP MVRV at 0.74 and 0.92 suggest average holders are underwater, while Bitcoin, Ethereum, and Chainlink hover near break-even.
Market Outlook
Market views rising open interest and asset rebound as signs of increased short-term trading activity but requires more confirmation before trend reversal.
What matters most
Bitcoin derivatives open interest reached $23.4 billion (31 trillion won) amid crypto price recovery.
