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Bitcoin Futures Open Positions Surge Past $60 Billion Since Trump's Victory

Bitcoin Futures Open Positions Surge Past $60 Billion Since Trump's Victory

Bitget2024/11/28 21:48

On 29 November, it was reported that open interest in bitcoin futures has risen sharply since Trump's election victory on 5 November, from $39bn on 5 November to $60.9bn currently, indicating increased trading activity and market speculation. However, analysts at Bitfinex continue to believe that leveraged trading is not at risk of an imminent market correction.

 


Bitfinex analysts say the increase in open positions appears to be a natural growth, driven by expectations of future price appreciation. Leveraged accumulation is a common tool used by traders, including institutions, to position themselves against expected price movements.

 


The Bitfinex analysts also noted that as of 22 November, open positions had decreased, particularly around the $94,000 level, with a large number of pending orders being filled. The analysts of Bitfinex also noted that as of 22 November, there were fewer open positions, especially around the $94,000 level, where a large number of pending orders had been filled, and said that they did not see anything unusual in the recent build-up of leverage, and that the retest of the price in the $93,000 area was a normal correction.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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