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CoinOtag 2024-06-07 13:10:34

Bitcoin (BTC) on Bullish Rally: Open Interest Peaks, Exchange Flows Signal $80,000 Target

Bitcoin’s open interest has reached unprecedented levels, suggesting a potential surge past $73,750. Exchange outflows are increasing while the funding rate remains positive, adding to the bullish sentiment. “The recent spike in open interest, coupled with positive funding rates, indicates strong market optimism,” according to Glassnode reports. Bitcoin (BTC) is showing strong bullish signals as

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