Geopolitical tensions ease leading to a pullback in crude oil; Bitget BZ contract open interest up over 28% in 24 hours, ranking second across the market
Odaily reported that due to a temporary easing of geopolitical tensions in the Middle East, international crude oil prices have fallen. According to Bitget market data, Brent Crude Oil (BZ) is currently quoted at $109 per barrel, a single-day decrease of 2.53%. The intensified struggle between bulls and bears has driven up trading activity in related contract markets.
According to CoinGlass data, the total open interest in BZ contracts across all platforms currently reaches $67.9316 million. Among centralized exchanges, one exchange, Bitget, and another exchange rank in the top three for open interest, with $46.9913 million, $8.3424 million, and $5.6461 million respectively. Bitget’s platform saw a 24-hour open interest growth rate of 28.32%, leading the entire market.
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.
You may also like
Jefferies raises Tesla's target price to $400
Goldman Sachs (GS.US) stock plunges 22% into bear market, financial report becomes the key to a breakthrough
Goldman Sachs' market value evaporated by several billions, with its share price down more than 22% from the year's high. Despite Q3 revenue exceeding expectations, a 41% drop in M&A activity and a slowdown in IPOs have dampened market sentiment. Analysts project a 12% revenue increase in Q4, but technical indicators suggest there is further downside risk to $783. Rumors about management transitions have also drawn attention.
Delivery soared by 85% but failed to prevent the death cross; Rivian (RIVN.US) dilution risk sparks panic
Despite the R2 model driving an 85% year-on-year increase in deliveries, Rivian's stock price continues to decline due to technical death cross, high short interest, and risks of equity dilution, facing a severe market test.
Crypto prices
More
