Bitcoin’s sharp overnight selloff came as its open interest on trading platform Bitmex ballooned – signaling that the benchmark cryptocurrency is about to see some immense retail-driven volatility. This climb in open interest (OI) has also come about concurrently with a decline in Bitcoin’s CME futures volume, suggesting that institutional traders are beginning to move to the sidelines as retail traders take the crypto’s reigns. Some prominent investors are now noting that Bitcoin appears to […]
