Please view the following chart: pasteboard.co/1n41ddKG.jpg
Today Bitfinex reached record open interest levels. We have overtaken the previous high set on 07/18/2014 by roughly $300,000. Clearly there is new money on the exchange, and speculating on Bitcoin price. Generally we should see a bigger move in either direction, however I personally am leaning more neutral / bullish in the short term.
Today Bitfinex reached record open interest levels. We have overtaken the previous high set on 07/18/2014 by roughly $300,000. Clearly there is new money on the exchange, and speculating on Bitcoin price. Generally we should see a bigger move in either direction, however I personally am leaning more neutral / bullish in the short term.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.