Bitcoin futures open interest has climbed back above $50 billion for the first time this year, a level that David Lawant, head of research at Anchorage Digital, interprets as a sign of vitality rather than a warning signal. He explains that rising spot volumes and thinning order books point to the early stages of a Bitcoin market upturn. The $60 billion Bitcoin options market and its associated volatility curve provide insights into market direction that price alone cannot reveal.
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