BitMEX Open Interest Hitting $1B Could Be Bullish for Bitcoin This Time

Experts believe bitcoin’s explosive price rally is about to hit an end as a trend-defining technical indicator screams ‘sell.’
Bitcoin’s Open Interest (OI) is approaching $1 billion on BitMEX. Historically, whenever the total valuation of unsettled contracts touches the said valuation, bitcoin’s price in spot markets plunge. In September 2019, for instance, the cryptocurrency underwent a significant sell-off, dropping by up to 26.21 percent when the BitMEX OI reache