Two Indicators Turn Bullish for Bitcoin
Explore our platform for exclusive crypto trading strategies and receive expert assistance with your cryptocurrency trades. Visit https://telegram.me/freebitmexsignals. Analyst Amr Taha says rising open interest alongside price gains often signals fresh liquidity entering derivatives markets. Bitcoin (BTC) jumped from $68,000 to roughly $74,000 on March 4 to reach a new monthly high, as two distinct datasets flashed bullish signals nearly simultaneously. On-chain data shows a sharp spike in Binance futures open interest delta coinciding with the price breakout, while U.S. spot Bitcoin ETFs have added approximately 23,600 BTC to their holdings since February 25, pointing toward fresh institutional demand entering the market. Derivatives Activity and ETF Inflows Increase Market analyst Amr Taha wrote in a March 5 update that Bitcoin futures open interest expanded substantially on March 4, with Binance alone adding about $430 million in new positions. Other exchanges also posted sizeable ...