"Bitcoin OI to Market Cap Ratio Soars to 5-Year High: Implications for Future Price Trends!"
Bitcoin Open Interest to Market Capitalization Ratio Hits Record High: What It Means for Price Movements Understanding Bitcoin Open Interest and Market Cap The Bitcoin open interest (OI) to market cap ratio is an essential metric for traders and investors in the cryptocurrency market. Open interest refers to the total number of outstanding derivative contracts, such as futures and options, that have not been settled. Market capitalization, on the other hand, is the total market value of Bitcoin, calculated by multiplying the current price by the circulating supply. Currently, this ratio has surged to a five-year high, indicating significant changes in market dynamics. The Implications of a High OI to Market Cap...