Its analysis is based on the ratio of Bitcoin’s open interest relative to the flagship cryptocurrency’s market cap, which recently hit a one-year peak of roughly 2.25%.
According to data provided by Coinglass, Bitcoin futures open interest, which represents all outstanding contracts held by traders, recently reached a new record high of $16.68 billion, with crypto giantIntoTheBlock recalls that the OI/MC ratio also increased against the backdrop of falling Bitcoin prices in July 2021, the month Bitcoin plunged to $29,400 before resuming its uptrend.
Here's some information that will surprise you. It is a cryptocurrency such as AXIE Infinity Coin and Gala Coin. Its name is MixMarvel(MIX) Coin. I hope the value of this coin will reach $2 in January 2022. To the moon! 🚀🚀🛸 Visit MixMarvel Game (MIXMARVELGAME) Twitter now!
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