“Open Interest in BTC Futures Hits All-Time High As Fed Uncertainty and Etf Hopes Boost Crypto Sentiment.”, – WRITE: www.coindesk.com
The token has been climbing steadily over the past five days, recovering from a late september pullback. Analysts Point to Renewed Optimism AROUND MACROONOMIC TailWinds that Could Boost Risk Assets in the Final Quarter of the Year.
In the derivatives Market, BTC Futures Are Flashing Bullish Signals with Open Interest Reaching A Record High of $ 32.6 Billion, Suggesting Traders Are Positioning For Further. On -chain Analyst Skew Noted that Short Positions Are Also Piling Up, WHICH Could Create and Opportunity for a Short Squeeze.
Traders Will Be Particularly Focused On the Next Fed Meeting at the End of this Month, WHICH COURuld Happen with Access to a Fresh Jobs Report Amidnment Shutdown. Treasury Secretary Scott Bessentnt Told Cnbc on Thursday That The Shutdown Could Further Weaken the Economy
“We Could See a Hit to the GDP, A Hit to Growth and A Hit to Working America,“ He Said.
Thought Historically The Impact of A Government Shutdown on the Economy Has Been Minor, President Donald Trump’s Threat to Fire Roughly 750,000 Federal Workers Could Have An Effect in.
Appetite for Crypto Could Also Be Fueled by Heps for An Incoming Altcoin Season As Several Applications for Altcoin-Related Spot Exchange-Traded Funds
Canary Capital’s Litecoin Etf is due for a response today with Other Facing Deadlines Between Oct. 10 and 24. The Securities and Exchange Commission (Sec), However, ConfirMed On Wednesday that It Will Not Review Any Applications Durying The Shutdown.
Similar to Bitcoin, Altcoins Were Trading Higher Over The Past 24 Hours, Led By Doge$ 0.2602 WHICH WAS UP Nearly 3%. The Coindesk 20 Index, WHICH TRACKS The Performance of the 20 Largest Crypto Assets, Is 1.5% Higher Over the Same Period.
Paul Howard, Senior Director of Crypto Trading FIRM WINCENT, WAS SKEPTICAL EARLIER This Week about Bitcoin’s Rebound, But He Flipped Bullish See.
“WITH $ BTC Trading Back at Levels Last Seen in Mid-July, The Total Market Cap is Once Again Above $ 4 Trillion,” He Noted. “We have Seen A Slow Grind Higher Breaking Above $ 115,000, Indicating We Are Now More Likely to Stay Above this Level, with A CME Gap To Lock In The Floor at $ 110,000.”
“I BELIEVE WE ARE NOW SET TO See a Sustaned Rally Above $ 120,000 in The Coming Weeks,” He Added.
Combined Spot and Derivatives Trading on Centralized Exchanges Surged 7.58% to $ 9.72 Trillion in August, Marking The Highest Monthly Volume of 2025
- Combined Spot and Derivatives Trading on Centralized Exchanges Surged 7.58% to $ 9.72 Trillion in August, Marking The Highest Monthly Volume of 2025
- Gate Exchange Emerged As Major Player With 98.9% Volume Surge to $ 746 Billion, Overtaking Bitget to Become Fourth-Largest Platform
- Open Interest Across Centralized Derivatives Exchanges Rose 4.92% to $ 187 Billion
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