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Ayesha

11 год тому

Bitcoin’s Open Interest suggests… Despite the mas

Bitcoin’s Open Interest suggests…
Despite the massive asset withdrawal, BTC’s price remains sideways. According to CoinMarketCap, BTC was trading at $93,050 at press time and recorded a slight 0.05% increase over the past 24 hours.

With the price moving sideways, market participation has declined notably, as reflected in Trading Volume, which dropped by 21% to $70.16 billion.

Bitcoin’s Open Interest (OI) has mirrored its price, showing only minor movement, according to data from derivatives platform CoinGlass. 

Total BTC futures OI fell 0.70% in the past 24 hours to $60.19 billion, signaling reduced trader activity and lower leverage as participants await clearer market direction

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