Bitcoin Open Interest Peaks as BTC Dominance Hits Another High

While Bitcoin price action is decidedly sideways, other metrics are posting positive signals. The week is ending with BTC above five figures which is still bullish, and dominance has just tapped another new high.
Bitcoin OI Hits a High
By definition, open interest is a measure total number of outstanding derivative contracts, such as futures that have not been settled for an asset. It provides a good picture of trading activity and whether monetary flows into the asset are increasing or decreasi