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Bitcoin Open Interest Surges Beyond $35B

Shawn

Summary: According to Bitfinex analysts,  Bitcoin's open interest in futures surpassed $35 billion, raising concerns about potential market overheating. Historically, such levels have correlated with local price peaks. Analysts suggest a modest pullback could reset the market without affecting its overall upward trend, though ongoing tensions in the Middle East may push the price further down ...

According to Bitfinex analysts,  Bitcoin's open interest in futures surpassed $35 billion, raising concerns about potential market overheating. Historically, such levels have correlated with local price peaks.

Analysts suggest a modest pullback could reset the market without affecting its overall upward trend, though ongoing tensions in the Middle East may push the price further down to $55,000.

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