Here Are Three Reasons Why Bitcoin Open Interest Set Record Highs as BTC Price Surge to $71K

High open interest can lead to increased volatility, especially as contracts near expiration. Traders might rush to close, roll over, or adjust positions, which can lead to significant price movements. Research firm Kaiko said in an X post that while futures showed strong interest from traders, the funding rates for such positions remain well below March highs which indicate tempered demand.

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Cryptocurrencies: 16,221
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Marketcap: $ 3.52 T
24h Vol: $ 270.23 B
BTC Dominance: 54.85%