Bitcoin futures open curiosity jumps by $1B: Manipulation or hedge?

Bitcoin’s (BTC) open curiosity on derivatives exchanges skilled a sudden surge of $1 billion on Sept. 18, prompting buyers to query whether or not whales have been accumulating in anticipation of the unsealing of Binance’s court docket filings.

Nonetheless, a better have a look at derivatives metrics suggests a extra nuanced image, because the funding fee didn’t exhibit clear indicators of extreme shopping for demand.

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