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Bitcoin Open Interest Climbs to $58B: What It Means For BTC Price

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Summary
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70% Informative

Bitcoin has seen a more than 4% jump in open interest data in the past 24 hours .

Bitcoin open interest has finally reset on optimism that the coin may be decoupling from the stock market.

At the time of writing, the price of BTC has jumped by 3.68% in 24 hours to $ 86,860.42 .

Current Coinglass data pegs the open interest at $58.7 billion over the 24 hours . The higher this metric the more obvious the adoption in the market.

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53

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43

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formal

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English

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39

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short-lived

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