Bitcoin Open Interest Reaches 1-Year High

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Demand for leverage in BTC futures jumped to $38 billion, but traders appear well-positioned enough to avoid surprise price swings.

Bitcoin price gained 8% between Oct. 14 and 15, up 11.5% over the past 30 days. Bitcoin currently is significantly outperforming the S&P 500, which gained 3.8% during the same period.

However, some traders are concerned that the sharp increase in demand for Bitcoin leverage could pose a potential risk.

Demand for Bitcoin futures has jumped to highest level since 2023

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