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CryptoIntelligence 2024-03-24 11:48:38

Bitcoin Futures Volatility Surges: Open Interest Hits $36 Billion Amid Price Fluctuations

Bitcoin investors often crave the excitement of market volatility but usually find the reality less thrilling, especially when a surge in prices is swiftly followed by a sharp downturn. This often results in forced liquidations of futures contracts, exacerbating the fall in Bitcoin’s value. The Bitcoin futures market, vital for traders wanting to leverage their positions, grows in significance with its expansion, influencing Bitcoin’s price more markedly. Recently, the aggregate open interest in Bitcoin futures soared to an all-time high of $36 billion on March 21, a significant increase from $30 billion just two weeks earlier. Leading the charge, the

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