🔗 Crypto & DeFi

Bitcoin and Ethereum Open Interest Surges $2B Each: Real Appetite or Just Hot Air?

CryptoQuant spots a $2B+ surge in Bitcoin and Ethereum open interest, hinting at renewed trader hunger for risk. But after 20 years watching these cycles, I've seen this movie before – and it rarely ends with everyone happy.

Charts showing Bitcoin and Ethereum open interest spikes alongside rising prices

⚡ Key Takeaways

  • Bitcoin and Ethereum open interest surged $2B+ each, hitting multi-week highs amid ceasefire optimism. 𝕏
  • CryptoQuant sees net new longs and U.S. demand revival via positive Coinbase Premium. 𝕏
  • Skeptics note parallels to past false rallies; prices still far from ATHs. 𝕏
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Originally reported by Decrypt

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