{"id":1608,"date":"2024-10-24T15:33:30","date_gmt":"2024-10-24T15:33:30","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=1608"},"modified":"2024-10-24T15:33:30","modified_gmt":"2024-10-24T15:33:30","slug":"bitcoin-open-interest-blows-past-40-billion-price-closing-in-on-70k-is-this-the-moment-investors-have-been-waiting-for","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=1608","title":{"rendered":"Bitcoin Open Interest Blows Past $40 Billion, Price Closing In On $70K \u2013 Is This The Moment Investors Have Been Waiting For?"},"content":{"rendered":"<div>\n<p>Bitcoin&#8217;s Open Interest surged past $40 billion on Oct. 21, hitting $40.5 billion, according to CoinGlass, a pivotal moment in the<a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/21\/08\/22743943\/dogecoin-headed-for-over-1-crypto-market-analyst-believes\"> crypto market<\/a>. Open Interest, which tracks the total value of all active futures contracts, is a crucial sign of increased leverage and market buzz.\u00a0<\/p>\n<p>Bitcoin&#8217;s price was nearing the $70,000 mark, setting off a wave of investor excitement as many wondered if this could be the breakout moment they&#8217;ve been waiting for. But, like any good news in the financial world, this also comes with a catch \u2013 elevated Open Interest can signal volatility. When it rains, it pours, especially in terms of potential liquidations.<\/p>\n<p><strong>Don&#8217;t Miss:<\/strong><\/p>\n<ul>\n<li><strong>Groundbreaking trading app with a \u2018Buy-Now-Pay-Later&#8217; feature for stocks tackles the $644 billion margin lending market \u2013<a href=\"https:\/\/www.benzinga.com\/money\/wolfpack\"><strong> <\/strong><strong>here\u2019s how to get equity in it with just $100<\/strong><\/a><\/strong><\/li>\n<li><strong>This Adobe-backed AI marketing startup went from a $5 to $85 million valuation working with brands like L&#8217;Or\u00e9al, Hasbro, and Sweetgreen in just three years \u2013<a href=\"https:\/\/www.benzinga.com\/money\/rad-ai\"><strong> <\/strong><strong>here&#8217;s how there&#8217;s an opportunity to invest at $1,000 for only $0.50\/share today.<\/strong><\/a><\/strong><\/li>\n<li><strong>If there was a new fund &#8230;<\/strong><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41521887\/bitcoin-open-interest-blows-past-40-billion-price-closing-in-on-70k-is-this-the-moment-inv\" alt=\"Bitcoin\" open interest blows past billion price closing in on is this the moment investors have been waiting for>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin&#8217;s Open Interest surged past $40 billion on Oct. 21, hitting $40.5 billion, according to CoinGlass, a pivotal moment in the crypto market. Open Interest, which tracks the total value of all active futures contracts, is a crucial sign of increased leverage and market buzz.\u00a0 Bitcoin&#8217;s price was nearing the $70,000 mark, setting off a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-1608","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1608","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1608"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1608\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}