logo

Glassnode: Bitcoin's current price surge is driven by the influx of bulls, with open interest rising accordingly

By: theblockbeats.news|2025/07/10 12:21:59

BlockBeats News, July 10th, Glassnode stated in a post that during the latest Bitcoin (BTC) rally to $11.2k, short-sellers were once again hit, but this time active buying interest was also observed. Unlike the significant decrease in Open Interest (OI) of futures contracts during the late June rally, this time the OI positions actually increased — indicating new long positions entering the market, rather than just short covering driving the rally.

Coinbase International opens OTC settlement service for institutional clients
BiyaPay Analyst: South Korean Residents' Overseas Service Virtual Asset Income is Taxable, BiyaPay Helps Users Navigate Global Tax Policy Changes

You may also like

Share
copy

Gainers

Latest Crypto News

06:15

Lawyer's Interpretation of the "1128" Regulation Policy: Focus on Regulating Activities Using Stablecoins for Illegal Foreign Exchange交

06:15

ShieldWall: In November, there were approximately 15 major crypto hacking incidents, with a total loss exceeding $190 million.

06:15

Arthur Hayes on Today's Plunge: Bank of Japan Hints at Rate Hike

05:45

Grvt GLP Strategy Reopened, Fund Cap Increased to $7.5 Million

05:45

An whale has deposited an additional 1.5 million USDC to avoid the liquidation of a 10x leveraged position in ZEC. The unrealized loss on the position has now reached 4.28 million USD.

Read more
Community
icon
icon
icon
icon
icon
icon
icon
icon

Customer Support@weikecs

Business Cooperation@weikecs

Quant Trading & MM[email protected]

VIP Services[email protected]