Bitcoin rally draws spot demand as futures open interest falls to 669,600 BTC

  • DWF Labs said Bitcoin’s latest rally was driven by spot demand rather than leverage.
  • 669,600 BTC was the latest futures open interest, down from 762,200 BTC since mid-August.
  • Spot BTC and ETH ETFs recorded $1.2 billion in combined inflows last week.

Bitcoin’s recent advance has been led by spot buying rather than leveraged futures positions, according to crypto market maker DWF Labs. BTC futures open interest fell to 669,600 BTC from 762,200 BTC since mid-August, when the sharp upswing began. Spot BTC and ETH ETFs attracted a combined $1.2 billion last week, extending a run of weekly inflows above $1 billion to three weeks, the first such streak since July last year. DWF Labs also cited renewed U.S.-Iran tensions as a factor pushing oil prices higher and said market expectations were shifting toward U.S. rate hikes. This week’s Producer Price Index and Consumer Price Index releases could become important variables for markets.

本网站上的信息是使用AI生成的,我们无法保证其准确性。 请仅作为参考信息使用。
Bitcoin rally draws spot demand as futures open interest falls to 669,600 BTC - CoinPost Terminal