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According to CryptoQuant data, Bitcoin (BTC) open interest has climbed to a new all-time high of nearly $44.5 billion. The rise in BTC’s open interest came amid a price dip, which has raised some concerns about the asset’s performance. The development could signal a rise in leverage and higher risks of volatility and price swings. A 2021 study found that a rise in open interest amid a price dip could introduce a 30% rise in volatility. A similar pattern was observed in 2017, when BTC experienced a rise in open interest and was followed by a 70% correction within weeks. Exchanges could automatically sell off collateral to cover their losses. Source: CryptoQuant Will BTC Face A Correction? Source: Mynewsdesk.com While historically, Bitcoin (BTC) has faced corrections when similar events have taken place, a lot has changed over the last year. The ETF products have brought a lot of institutional money into BTC. This aspect of the equation was absent during the 2017 dip. BTC...