Investors have positive feelings about Bitcoin cryptocurrency

On Twitter, investors have positive feelings about Bitcoin

Data published by the analysis company thet shows that investors have positive feelings towards Bitcoin, on Twitter it reached record levels. After halving, this level has reached the highest level in the last three years.

According to TheTIE, the average 30-day score of daily feeling is at a constant level since 2017.
The “score” usually measures the difference between positive and negative BTC reviews in certain periods. The latest ranking indicates that investors on Twitter are optimistic about the future of the cryptocurrency.

Bitcoin mentions on the micro-blogging platform also reached a record level on May 17, reaching 31,111.

Joshua Frank, the executive director of TheTIE, said the figures show an extremely optimistic market for Bitcoin.

Deribit has $ 1 billion in open interest

Open interest (or open positions) in the options listed on the Panama Deribit Exchange reached a record high of $ 1 billion on Tuesday. According to data provided by research firm Skew, 101,000 Bitcoin option contracts have been opened at Deribit. Currently, this is the largest crypto derivatives exchange in the world by trading volume.

The daily trading volume reached 100 million dollars last week and increased by 170% this year.

Investor interest began to grow before the halving of Bitcoin and has continued to grow since then. Even if options activity continues to grow, it is difficult to assess whether investors are selling or buying:

“The volatility involved in Bitcoin has been relatively stable in recent days, suggesting that flows could be balanced.”

Skew analysts concluded.

Bitcoin has had a flash crash in the last few hours. The price dropped from $ 9,700 to almost $ 9,100. It is currently trading around $ 9,500, fluctuating between $ 9,000 and $ 9,900 in the last week.

Elliptic adds support for 87 cryptocurrencies

Elliptic blockchain analytics added support for 87 currencies and tokens to its crypto transaction monitoring tool.

The company currently covers 97% of total cryptocurrencies, including stable cryptocurrencies such as Tether (USDT) and Binance USD (BUSD).

Elliptic’s addition of new cryptocurrencies means it can now monitor transactions for its customers. This helps exchanges and financial institutions to identify and prevent illicit activities and meet regulatory requirements. Binance, for example, is one of Elliptic’s customers.