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

By: theblockbeats.news|2025/07/10 12:01:37

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.

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

Bitcoin Faces Resistance at $125K, Signaling Potential Consolidation Before Surge to $140K

As of today, August 14, 2025, the cryptocurrency market is buzzing with activity, and Bitcoin is at the…

crypto insight|2025/08/14 07:40:18

3 Key Reasons Ethereum Price Could Soar to $5,000 Before 2025 Ends

As of today, August 14, 2025, Ethereum continues to capture attention in the crypto world, with its price…

crypto insight|2025/08/14 07:40:20

Bitcoin Profit Taking Eyes $113K Buy Zone: Could This Spark a Rally to Fresh Highs?

As of today, August 14, 2025, Bitcoin is navigating a familiar pullback after surging to impressive heights, but…

crypto insight|2025/08/14 07:40:20

US Debt Crisis Drives Bitcoin Price Surge to $140,000 in ‘Crisis Mode’ – Essential Insights for August 14, 2025

As we step into August 14, 2025, Bitcoin is making waves once again, pushing boundaries with its price…

crypto insight|2025/08/14 07:40:15

99% Probability Bitcoin Dominance Tops Out if Ethereum Rally Persists

As of today, August 14, 2025, the cryptocurrency market is buzzing with excitement, especially around Bitcoin and Ethereum.…

crypto insight|2025/08/14 07:40:16