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Interest Surges in Bitcoin Speculation, But It Might Be Bearish

Open interest in bitcoin perpetual swaps – a type of leveraged trading contract in cryptocurrency markets – has spiked to an all-time high.

Open interest in bitcoin perpetual swaps spiked to an all-time high of 450,000 BTC on Tuesday. (Arcane Research)
Open interest in bitcoin perpetual swaps spiked to an all-time high of 450,000 BTC on Tuesday. (Arcane Research)