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Coin Edition 2024-08-16 10:20:00

Rising Open Interest: A Red Flag for Bitcoin Bulls

A recent technical analysis of Bitcoin’s price by Coin Glass suggests Bitcoin is under intense bearish pressure, evidenced by its recent price decline and a rising surge in open interest. This counterintuitive market behavior, where the number of outstanding derivatives contracts increases despite a falling price, comes as a surprise to the cryptocurrency community. Data The post Rising Open Interest: A Red Flag for Bitcoin Bulls appeared first on Coin Edition .

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