Bitcoin rises above $89,000, showing rare gain in U.S. trading

2026-1-2 19:10

Open interest data suggests the advance is likely short-covering, rather than fresh longs entering the market. origin »

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short-covering likely advance rather market entering longs

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Futures data suggests latest Bitcoin rally is just short-covering, most Bakkt contracts aren’t being settled

A massive drop in open interest on the CME and Bakkt Bitcoin futures contracts indicates short-covering has fueled BTC’s latest rally, likely egged on by the expiry of Bakkt’s December contract. On Tuesday, open interest rocketed more than 1,000 percent on the cash-settled CME contract for December, the day after Bakkt hit an all-time-high for […] The post Futures data suggests latest Bitcoin rally is just short-covering, most Bakkt contracts aren’t being settled appeared first on CryptoSlate.

2019-12-19 15:00