Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
Bitcoin Futures Positions Hit Record High, BTC Could Surge to $83K: Analysis

Bitcoin Futures Positions Hit Record High, BTC Could Surge to $83K: Analysis

CointimeCointime2024/06/07 12:10
By:Cointime

Bitcoin traders have set a new record for futures positions, with open interest surpassing $37.7 billion. This comes after spot bitcoin ETFs extended their net inflows streak to 18 days, also a record. 10x Research suggests that Bitcoin could surge to $83,000 if it moves above $72,000 to complete an inverted head-and-shoulders pattern. Health-care company Semler Scientific has announced that it is purchasing $17 million worth of BTC and preparing to raise $150 million so it can buy more.

0
0

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.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

CandyBomb x DGAI: Trade to share 60,000 USDT

Bitget Announcement2026/09/03 13:00

CandyBomb x DEBIT: Trade to share 45,000 USDT

Bitget Announcement2026/09/01 13:00

Bitget Will Support the BounceBit (BB) Contract Swap

Bitget Announcement2026/09/01 08:00

Hold USDGO for dual perks, earn up to 30%+ APR!

Bitget Announcement2026/09/01 02:00