The total open interest in contracts across the entire network recently saw the largest single-day increase since July last year.
ChainCatcher news, according to glassnode, the total contract open interest across the network has recorded the largest single-day percentage increase since 2025. As the bitcoin price tested $69,400, leverage expanded significantly. This phenomenon coincides with speculators making large bets on bitcoin breaking through $70,000, but ultimately failing to materialize.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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