The BTC price increased by about 38% last month, a price dynamic not shown by the asset over the past ten years.
For example, in January 2020 and 2021, the cryptocurrency rose by 29.95% and 14.51%, respectively. In the first month of 2013 alone, Bitcoin soared by more than 44%.
In the derivatives market, interest in BTC futures is growing. As of January 30, the amount of deployed contracts reached $11.55 billion, becoming the highest level since the beginning of November 2022.
Open interest in Bitcoin futures on Binance, OKX and CME increased to $3.13B, $2.25B and $1.77B, respectively.
