Bitcoin Open Interest Rises By $1.8 Billion As BTC Breaks $27,000

Data shows the Bitcoin Open Interest has shot up by $1.8 billion as the cryptocurrency’s price has broken the $27,000 level.
Bitcoin Open Interest Has Exploded During The Past Day
The “Open Interest” indicator keeps track of the total amount of Bitcoin futures contracts currently open on all derivative exchange platforms.
When the value of this metric rises, it means that the investors are opening up new positions on the market right now. Generally, the cryptocurrency becomes m