Bitcoin open interest hits record high as bulls stampede toward new BTC price highs

Key takeaways:Bitcoin futures open interest hit a record $72 billion, signaling rising use of leverage among institutional investors. $1. 2 billion in shorts at $107,000 to $108,000 are at risk of liquidation, boosting BTC’s breakout odds. The aggregate open interest in Bitcoin (BTC) futures surged to a record high on May 20, raising questions about whether bearish positions are now at risk source: https://cointelegraph.com/news/bitcoin-open-interest-hits-record-high-as-bulls-stampede-toward-new-btc-price-highs?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound