A record $7.9 billion of open interest in Bitcoin futures indicates that bearers are not losing sight of the BTC price
Bitcoin’s price may have surpassed the $20,000 level, but the 40% decrease in volume indicates that the bearishers are still lurking. Today, Bitcoin’s price (BTC) surpassed the $20,000 level and, in the process, set a record $7.9 billion of open interest in futures. Although the price rose 74% over the last two months, the cumulative total of sellers‘ short position […]
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