Dega Ardani on Nostr: Historically, when open interest reaches such high levels, it has often preceded ...
Historically, when open interest reaches such high levels, it has often preceded significant price fluctuations. For instance, after a previous peak, Bitcoin's price experienced a notable pullback of nearly 18% over the following month. The current situation suggests that the market may be entering a phase of froth, where prices could be driven by speculative trading rather than fundamental value.
Published at
2024-10-03 07:46:56Event JSON
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