Data shows the total open interest in the crypto sector has recently been at an all-time high, indicating that volatility may be coming for the coins.
Crypto Open Interest Has Been At Extreme Levels Recently
As CryptoQuant Netherlands community manager Maartunn pointed out in a post on X, the total crypto open interest has recently been sitting around a whopping $51.3 billion.
The “open interest” here refers to the total amount of derivative positions related to all digital assets currently open on the various exchanges in the sector.
When the value of this metric rises, it means that the investors are opening up fresh positions on the market right now. Generally, the total leverage in the sector goes up when such a trend takes form, so the assets could become more likely to show some volatility.
On the other hand, a downtrend in the indicator implies that the investors are closing their positions of their own volition or getting forcibly liquidated by their platform.
We współpracy z: https://bitcoinist.com/crypto-open-interest-all-time-high-explosive-move/
