Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

DAC and Origo Partner to transform health care via Web3 Innovation

2025-05-11

XRP -price flashes Death Cross from 2017 that could activate 325% Rally to $ 9

2025-05-11

Asset Management Giant BlackRock held a meeting with SEC to discuss Crypto institution, tokenization and more

2025-05-11
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    DAC and Origo Partner to transform health care via Web3 Innovation

    2025-05-11

    Tether to make non-right wallet template: Details

    2025-05-11

    Map -Protocol reveals revolutionary interoperability between Bitcoin and Solana networks

    2025-05-11

    DAC -Platform to redefine Web3 experiences in strategic cooperation with Fishcake Labs

    2025-05-11

    Floki Inu enables Web3 users with a new identity platform

    2025-05-11
  • NFT

    Drink-to-earn? A new sparkling water comes with an NFT and points

    2025-05-08

    Cobie says we will return if someone buys this $ 20 million NFT

    2025-05-08

    Edge Matrix, Colabs Partner to strengthen NFT -Makers

    2025-05-08

    Argentinian football club Partners with StepN to launch digital sneakers

    2025-05-05

    Pudgy Penguins #6873 Leads with Top NFT -sale worth $ 360.2k

    2025-05-04
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Standard Chartered Analy supports Bitcoin -Price forecast, now calls $ 120,000 BTC ‘Too Low’: Report

    2025-05-11

    Bullish Continuation for XRP price shows possible recovery up to $ 4

    2025-05-11

    Top US Crypto Exchange Coinbase to acquire Derivativa Platform Deribit

    2025-05-10

    Bitcoin – Price is rising by $ 100k – Bull Market officially back?

    2025-05-10

    JPMorgan Chase warns US shares ‘Not a good place to verbat’ as billionaire Paul Tudor Jones Braces for fresh market Lows

    2025-05-10
  • Learn

    What Is Proof-of-Authority (PoA)?

    2025-05-10

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02

    What Is a Layer-0 Protocol?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Web 3»Bitcoin just broke through its years-long slump!
Web 3

Bitcoin just broke through its years-long slump!

2023-06-28No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

TL;DR

  • “Futures contracts” are essentially bets on whether a stock/asset (e.g. Bitcoin) will rise or fall on a certain date in the future.

  • The more bets, the higher the ‘open interest’. Typically, the higher the outstanding interest, the higher Bitcoin price increases.

  • Open interest in Bitcoin futures just jumped from ~$8 to ~$10 billion – that’s the highest since the bear market began in May last year!

  • Which means that either new money flows into the market or existing participants increase their investments.

  • However you slice it, more outstanding interest = more money flowing into Bitcoin. We’d love to see it!

Full story

You know how when the housing market is hot, more bids are placed on houses?

And when it cools down, does the number of bids drop?

(i.e. more bids = higher prices).

In the futures market, this ‘bid volume’ is referred to as ‘open interest’.

ICYMI Yesterday: Futures contracts are agreements by traders to buy or sell an asset (e.g. Bitcoin) at a fixed price on a specific date.

(They are basically bets on whether a stock/asset will go up or down on a certain date in the future).

When it comes to Bitcoin, the amount of ‘due interest’ is usually reflected in Bitcoin’s real-time price.

Or even better:

If more there is a bet on the future BTC price, the current price goes upwards.
If fewer there is a bet on the future BTC price, the current price goes down.

Full disclosure: This isn’t a perfect description and we’re going to go over many of the complexities here – but the correlation exists!

See also  Bitcoin Reserve Law has been hired in New Hampshire: will other states follow?

Take a look at this Bitcoin chart:

Source link

Bitcoin broke Slump yearslong
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin Price Watch: Miners show strength, but lungs are in danger – why?

2025-05-11

Yat Siu on building web3’s most influential unicorn 

2025-05-11

Bitcoin Bulls Beware! – This price can be a high -leverage false door

2025-05-11

Map -Protocol reveals revolutionary interoperability between Bitcoin and Solana networks

2025-05-11
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Meta employees are hesitant to embrace VR headsets

2023-06-05

Senator Hagerty unveils a stablecoin regulatory framework to stimulate demand for US Treasuries

2024-10-11

Bitcoin snatches the daily NFT throne from Ethereum

2024-03-28
Editors Picks

Phantom portion resume service after short malfunction

2025-02-12

Here are WRX’s recovery odds from $0.10 after Binance’s removal

2024-12-19

Pyth Network introduces GMCI 30 Index Price Feed

2024-09-02

Humanity Protocol & LayerZero Improve Identity Verification Across 50+ Blockchains

2024-05-23
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

DAC and Origo Partner to transform health care via Web3 Innovation

XRP -price flashes Death Cross from 2017 that could activate 325% Rally to $ 9

Asset Management Giant BlackRock held a meeting with SEC to discuss Crypto institution, tokenization and more

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$104,444.561.18%
  • ethereumEthereum(ETH)$2,509.950.68%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.37-1.52%
  • binancecoinBNB(BNB)$652.01-0.25%
  • solanaSolana(SOL)$172.430.02%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.231161-1.77%
  • cardanoCardano(ADA)$0.81-0.39%
  • tronTRON(TRX)$0.2640371.28%
  • suiSui(SUI)$4.010.48%
  • chainlinkChainlink(LINK)$16.950.72%
  • avalanche-2Avalanche(AVAX)$24.710.30%
  • stellarStellar(XLM)$0.3076080.73%
  • shiba-inuShiba Inu(SHIB)$0.000016-0.09%
  • hedera-hashgraphHedera(HBAR)$0.204952-3.31%
  • the-open-networkToncoin(TON)$3.36-0.39%
  • hyperliquidHyperliquid(HYPE)$24.75-2.34%
  • bitcoin-cashBitcoin Cash(BCH)$410.29-2.31%
  • polkadotPolkadot(DOT)$5.110.59%
  • unus-sed-leoUNUS SED LEO(LEO)$8.37-2.07%
  • piPi(PI)$1.0947.15%
  • litecoinLitecoin(LTC)$100.25-2.99%
  • moneroMonero(XMR)$337.705.21%
  • bitget-tokenBitget Token(BGB)$4.870.40%
  • pepePepe(PEPE)$0.0000131.38%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • uniswapUniswap(UNI)$6.920.80%
  • bittensorBittensor(TAO)$453.170.53%
  • nearNEAR Protocol(NEAR)$3.151.29%
  • aptosAptos(APT)$5.901.39%
  • aaveAave(AAVE)$219.74-2.01%
  • okbOKB(OKB)$55.140.22%
  • ondo-financeOndo(ONDO)$1.04-1.87%
  • kaspaKaspa(KAS)$0.1174138.34%
  • internet-computerInternet Computer(ICP)$5.732.80%
  • ethereum-classicEthereum Classic(ETC)$19.89-0.64%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.78-3.68%
  • render-tokenRender(RENDER)$5.21-0.74%
  • mantleMantle(MNT)$0.802.99%
  • gatechain-tokenGateToken(GT)$21.82-1.97%
  • vechainVeChain(VET)$0.0311540.08%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.256356-2.15%
  • crypto-com-chainCronos(CRO)$0.098495-2.54%
  • ethenaEthena(ENA)$0.4083564.77%
  • arbitrumArbitrum(ARB)$0.4536972.16%
  • usd1World Liberty Financial USD(USD1)$1.000.00%
  • filecoinFilecoin(FIL)$3.160.56%
  • cosmosCosmos(ATOM)$5.292.70%
  • bitcoinBitcoin(BTC)$104,444.561.18%
  • ethereumEthereum(ETH)$2,509.950.68%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.37-1.52%
  • binancecoinBNB(BNB)$652.01-0.25%
  • solanaSolana(SOL)$172.430.02%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.231161-1.77%
  • cardanoCardano(ADA)$0.81-0.39%
  • tronTRON(TRX)$0.2640371.28%
  • suiSui(SUI)$4.010.48%
  • chainlinkChainlink(LINK)$16.950.72%
  • avalanche-2Avalanche(AVAX)$24.710.30%
  • stellarStellar(XLM)$0.3076080.73%
  • shiba-inuShiba Inu(SHIB)$0.000016-0.09%
  • hedera-hashgraphHedera(HBAR)$0.204952-3.31%
  • the-open-networkToncoin(TON)$3.36-0.39%
  • hyperliquidHyperliquid(HYPE)$24.75-2.34%
  • bitcoin-cashBitcoin Cash(BCH)$410.29-2.31%
  • polkadotPolkadot(DOT)$5.110.59%
  • unus-sed-leoUNUS SED LEO(LEO)$8.37-2.07%
  • piPi(PI)$1.0947.15%
  • litecoinLitecoin(LTC)$100.25-2.99%
  • moneroMonero(XMR)$337.705.21%
  • bitget-tokenBitget Token(BGB)$4.870.40%
  • pepePepe(PEPE)$0.0000131.38%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • uniswapUniswap(UNI)$6.920.80%
  • bittensorBittensor(TAO)$453.170.53%
  • nearNEAR Protocol(NEAR)$3.151.29%
  • aptosAptos(APT)$5.901.39%
  • aaveAave(AAVE)$219.74-2.01%
  • okbOKB(OKB)$55.140.22%
  • ondo-financeOndo(ONDO)$1.04-1.87%
  • kaspaKaspa(KAS)$0.1174138.34%
  • internet-computerInternet Computer(ICP)$5.732.80%
  • ethereum-classicEthereum Classic(ETC)$19.89-0.64%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.78-3.68%
  • render-tokenRender(RENDER)$5.21-0.74%
  • mantleMantle(MNT)$0.802.99%
  • gatechain-tokenGateToken(GT)$21.82-1.97%
  • vechainVeChain(VET)$0.0311540.08%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.256356-2.15%
  • crypto-com-chainCronos(CRO)$0.098495-2.54%
  • ethenaEthena(ENA)$0.4083564.77%
  • arbitrumArbitrum(ARB)$0.4536972.16%
  • usd1World Liberty Financial USD(USD1)$1.000.00%
  • filecoinFilecoin(FIL)$3.160.56%
  • cosmosCosmos(ATOM)$5.292.70%