Bitcoin open interest reaches 2-month high
Summary ⚈ Bitcoin open interest surged to a two-month high of $33.84 billion on April 23, reflecting a 39.68% increase from earlier in the month, following President Trump’s 90-day tariff pause. ⚈ BTC’s price rose by 19.65% from $78,210 on April 7 to $93,580 on April 23, supported by a rise in long positions and growing derivatives activity. ⚈ Analysts, including Tom Lee and Standard Chartered, are increasingly bullish, with projections suggesting Bitcoin could reach $100,000 soon and potentially rally to $200,000 by year-end. The leading digital asset, Bitcoin (BTC), has seen a sharp increase in derivatives trading since President Trump announced a 90-day tariff pause on April 20. To be more precise, Bitcoin open interest reached a 2-month high on April 23, with over 33.84 billion open positions, representing a 39.68% surge from a local low of approximately 24.23 billion on April 7, according to data retrieved by Finbold from cryptocurrency market intelligence platf...