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Could Bitcoin’s Open Interest Peak Signal a New Price Rally?

Could Bitcoin’s Open Interest Peak Signal a New Price Rally?


CoinGape
2024-02-09 23:56:04

Bitcoins open interest has reached a record level of $12 billion, a number last seen in January 2018. The spike in Open Interest coincides with Bitcoin’s price recovery, which has recently broken past the $47,000 mark. The Cryptocurrency community is jam-packed with the bullish spirit as the numerous metrics indicate a possible change of trend, The post Could Bitcoin’s Open Interest Peak Signal a New Price Rally? appeared first on CoinGape .


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