Daily Insights: Updates on Crypto, Blockchain, NFTs, Web3, and Play-to-Earn Gaming

In the dynamic world of cryptocurrency, bitcoin's price volatility often captures headlines, offering a glimpse into the broader health and sentiment of the digital asset market Recently, bitcoin experienced a significant drop to $56,000, a movement that has not gone unnoticed by investors and analysts alike Despite this decline, a puzzling trend has emerged: an increase in open interest across the market, suggesting a divergent perspective on bitcoin's future trajectory bitcoin's Price Downturn Contrasts with Rising Open Interest The recent downturn in bitcoin's price to $56,000 has been met with an unexpected twist Open interest, the total number of outstanding derivative contracts that have not been settled, has seen a noticeable surge...