You are viewing a single comment's thread from:
RE: BTC - Bakkt volumes see yet another all time high!
Ah, thanks for your thoughts, mate. According to my analysis, I proclaimed that increased open interest shows a greater involvement by institutions unto Bitcoin, however I did mention "accumulation", which may have been a mistake since the data didn't actually make clear whether they're going long or short.
So, I may make some more careful conclusions in future analysis, as I may have gotten a tad too excited from Bitcoin's strong rebound. Nevertheless, I did make some clarifications in the comments of said analysis.
In any case, thanks so much for the explanation :-)
On a side note, I have noticed that high open interest on strikes that are out of the money (or a ways away from the current market price) tend to pull prices towards those strikes, though not always. But sometimes...
Ah, another interesting point to note as well. Thank you.