Open Bitcoin Trading Contracts Anytime! Analyst: The exchange rate broke this month.

A new forecast suggests that Bitcoin could cause the price to explode in 2022 as the derivatives market rally.

Arcane research firm Vetle Lunde reported in a Jan. 4 tweet that the opening of bitcoin operations reached an all-time high in November of last year.

Bitcoin futures and options were affected during the Bitcoin retracement against the US dollar late last year, but as the holiday season unfolds, the market is expected to recover.

Some believe companies should be key players in the Bitcoin market, and commodities have seen the benefits of renewal.

Open positions designated by Bitcoin have now returned to levels until the third week of November last year, when the price of Bitcoin against the US dollar hit a record high of $ 69,000. .

However, unlike now, the current income is average, which is a major basis for the crisis. Vetle Lunde said, “The volume of permanently open Bitcoin contracts, including Bitcoin, peaked today in November, benefiting from loan growth at a slightly below average or below average level. the average finance. To be honest, it was a blast.

Vetle Lund is not the only one from this point of view. In another post from January 3, the co-founder of the Decentrader trading platform pointed out that open interest is interesting. Did you finish the last week of the month without seeing any fireworks?

Bitcoin currently costs around US $ 46,300 and Ethereum around US $ 3,805.

While most analysts take a negative view of price in the short term, the market is clearly on altcoins.

Analyst Michaël van de Poppe says: The greatest benefits of altcoins still exist. He reiterated his view that there is an opportunity in the altcoin market.

Ether is the largest altcoin by capitalization in the industry, currently above $ 3,800, and has grown over 3% so far this year.