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Expect volatility: Bitcoin futures open interest surges to new all-time high Expect volatility: Bitcoin futures open interest surges to new all-time high

Expect volatility: Bitcoin futures open interest surges to new all-time high

with insights from Skew Josh Rager

Bitcoin has been seeing relatively quiet price action throughout the past few weeks, with the cryptocurrency primarily trading within the upper-$11,000 region as its bulls and bears reach an impasse.

Expect volatility: Bitcoin futures open interest surges to new all-time high

Photo by Will Myers on Unsplash

Bitcoin has been seeing relatively quiet price action throughout the past few weeks, with the cryptocurrency primarily trading within the upper-$11,000 region as its bulls and bears reach an impasse.

During this consolidation phase, futures traders have been opening up a significant quantity of positions, signaling that they anticipate the benchmark crypto to make a large movement in the near-term.

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