Open Interest Surging Among Top Cap Projects in February!
📈😮 A major increase in money has been entering into #cryptocurrency, which should be a surprise to no one. Notably, there has been a dramatic increase in the speculation of derivatives in #crypto as market caps have risen significantly the past 4 months.
With #Bitcoin, in particular, crossing over $10B in open interest for the first time since July, 2022, this does signal crowd euphoria is alive and well. Sometimes rising too quickly can be indicative of some caution flags. Among the top assets, the top climbers to watch include:
🪙 $BTC: $9.85B in open interest
🪙 $ETH: $5.59B in open interest
🪙 $SOL: $1.62B in open interest
🪙 $LINK: $549M in open interest
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