Traders Pile In: Bitcoin Open Interest Hits All-Time High As Price Nears $112K

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Traders Pile In: Bitcoin Open Interest Hits All-Time High As Price Nears $112K - NewsBTC

Quick Summary:

Related Reading: Bitcoin’s $10K Rhythm: Steady Climb Signals Strong Push To $115K Rising Futures Interest According to CoinGlass, more than $80 billion of Bitcoin futures contracts remain open.

Related Reading: Bitcoin Goes Corporate In Indonesia With $100 Million Treasury Shift Bitcoin Price Nears $112K Bitcoin’s spot price climbed to around $111,150 in late trading, reaching as high as $111,999 earlier in the day.

ETF Inflows Provide Support Based on reports, spot Bitcoin ETFs have attracted over $2.5 billion in inflows this week.