James Van Straten, a data analyst, posted that Bitcoin’s (BTC) price increase was because Open Interest had decreased and spot accumulation had been increasing. To arrive at this inference, Van Straten compared Bitcoin’s Open Interest around October to the state of the indicator on December 8. Uptrend Becomes Weak According to Coin Edition’s observation, the The post Bitcoin: Spot Volume Not Derivatives Is Responsible for BTC’s Hike appeared first on Coin Edition .