cryptoslate.com
Bitcoin has just shattered expectations, soaring past the $72,000 mark, a feat that underscores the growing institutional interest in cryptocurrency and particularly, in spot Bitcoin ETFs. However, beneath this surface of triumph, the derivatives market hints at a brewing storm of volatility, with open interest in Bitcoin futures and options reaching staggering new heights. From an all-time high in futures open interest to the bullish dominance in the options market, the indicators are clear: traders are betting big. But as open interest swells and the derivatives market heats up, the real question emerges — are we looking at a market primed for continued growth, or is it teetering on the edge of overextension?
To read the rest of this article, connect your Solana wallet or learn more about CryptoSlate Alpha.
Unlock this story with CryptoSlate Alpha
This story is only available for CryptoSlate Alpha members. CryptoSlate Alpha is a web3 membership built to empower you with cutting-edge insights and knowledge, built in partnership with Access Protocol.
👋 Hey, connecting to CryptoSlate Alpha requires authentication using Access Protocol. CryptoSlate is a launch partner of Access Protocol and we are also invested in the project through a grant we received. For more information, see our terms page.
To access CryptoSlate Alpha, you will need
1. Solana Wallet
Connect a Solana self-custody wallet (Phantom, Solflare or Torus).
2. Stake ACS
Stake 20k ACS (native token of Access Protocol) to the CryptoSlate pool.
Included in your membership
Exclusive Research & Analysis
Crypto, Macro & DeFi Insights
Already holding ACS? Connect & stake now →
Get AlphaDisclaimer: By choosing to lock your ACS tokens with CryptoSlate, you accept and recognize that you will be bound by the terms and conditions of your third-party digital wallet provider, as well as any applicable terms and conditions of the Access Foundation. CryptoSlate shall have no responsibility or liability with regard to the provision, access, use, locking, security, integrity, value, or legal status of your ACS Tokens or your digital wallet, including any losses associated with your ACS tokens. It is solely your responsibility to assume the risks associated with locking your ACS tokens with CryptoSlate. For more information, visit our terms page.