Bitcoin Futures Open Interest Hits $3.5 Billion; Upward Trend to Continue?

The Bitcoin and wider cryptocurrency markets surprised observers yesterday as the market capitalisation of leading cryptos suddenly increased. January 14 started with the market at $217.5 billion, today that figure stands at over $238.8 billion.
The heightened market volatility appears to have attracted other traders to the market. Open interest in Bitcoin futures, for example, has soared to $3.5 million.
Does Rising Open Interest Hint of More Upside in Bitcoin?
Even for the cryptocurrency marke