Speculators get a 'little more bullish' on bitcoin and ether

While bitcoin (BTC-USD) has lingered in the $28-$31K band for the past two weeks, there's a sign that the world's largest cryptocurrency may be poised to rise. Speculators are getting a "little more bullish" on both bitcoin (BTC-USD) and ethereum (ETH-USD), according to Bespoke Investment. Bitcoin open interest has risen 6.92%, its highest level since November 2019, before the pandemic and at the time when BTC was trading below $10K. The number indicates a higher share of open interest that are long the future than are short. Ether (ETH-USD) showed a net 7.93% of ether futures were long, down slightly from the week before but still one of the strongest readings since the data started about a year ago, Bespoke said. In Tuesday afternoon trading, bitcoin (BTC-USD) is down 2.8% over the past 24 hours to $29.2K, while ether (ETH-USD) drops 5.2% to $1.94K. Crypto-related stocks are falling dramatically. Riot Blockchain (RIOT) -9.8%, Marathon