Market Analysis

BRETT Futures Open Interest Climbs to Multi-Month Highs

Author : Renuka K

BRETT, also known as Pepe's best friend on the Base Chain, has seen a remarkable surge in its futures market activity. The altcoin's futures open interest reached a new high of $37 million, the highest since its launch in February. This increase in open interest, along with a positive funding rate, indicates strong bullish sentiment and growing trader participation. Currently trading at $0.15, BRETT's price reflects a 253% increase over the past month.

Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.