Glassnode: Bitcoin's current price surge is driven by the influx of bulls, with open interest rising accordingly

By: theblockbeats.news|2025/07/10 20:21:59

BlockBeats News, July 10th, Glassnode stated in a post that during the latest Bitcoin (BTC) rally to $11.2k, short-sellers were once again hit, but this time active buying interest was also observed. Unlike the significant decrease in Open Interest (OI) of futures contracts during the late June rally, this time the OI positions actually increased — indicating new long positions entering the market, rather than just short covering driving the rally.

The leak of the CLARITY bill draft has triggered a plunge in Circle and Coinbase, directly hitting the core provision of the stablecoin "ban on interest," revealing the deep political and economic game in Washington's strict prevention of stablecoins evolving into on-chain savings accounts and the c...

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a16z Crypto's latest article: Why do we need to predict the market?

It turns people's judgments about the future into tradable probabilities. It has advantages in both predictive accuracy and coverage that traditional polls find hard to match, but whether it can realize its potential depends on whether it can solve the design challenges of transparency, insider info...

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