The beginning of this week has turned into a rise Bitcoin After several weeks of strong fluctuations, which are restricted to the price of $ 90,000. Although the price of BTC has gained bullish movements for a short period, there is a possibility to decline because its open interest shows great weakness.
A sharp decrease in open bitcoin attention
Bitcoin market dynamics It can take a radical transformation as many main measures offer a negative direction. The performance of this scales that decline in conjunction with recent price fluctuations leads to the risk of watching BTC for another decline in the main support levels.
As you see the slight prices in the height, at alphraractal, which is an advanced platform for data and investment, I mentioned Bitcoin (OI) has witnessed a sharp decrease. The decrease in the open benefits of BTC indicates a transformation in market morale as investors pull their positions in the face of continuous fluctuations.
Moreover, this decrease in Open attentionWhich usually a sign of speculative activity, it is likely to lead to the short -term fluctuations since the leverage is reduced. With a decrease in the measurement, the setting price of the next BTC becomes difficult, which leads to the adoption of investors strategic curricula.
The data from the basic system on the series shows that the open interest has decreased by more than 7.4 billion dollars in the last 7 days. This decrease was recorded among all encryption exchanges except for the Hong Kong trading platform, which saw a slight increase.
The most prominent alphraractal also The huge liquidation of the lifting positionsWhich leads to the fluctuation of the two. If this trend continues, confidence between derivative derivatives will decrease, affecting the short -term BTC price prospects.
Although Bitcoin’s open interest has decreased sharply, the assembled financing rate is still in a positive area despite these sales. These developments indicate that long centers continue to control the current price level.
BTC holders add long -term to their holdings
Amid the decrease in the open interest of BTC, investors appear in the long run confidence in the main assets, such as I mentioned By Darkfost, expert in the chain and technology. Over the past thirty days, long -term holders have bought more than 159000 BTC, which reflects a strong interest in the original.
According to the expert, these Long -term holder Bitcoin accumulated despite the recent fluctuations, a sign of market growth. Although this is a positive sign, Darkfost stated that it does not always indicate that the bottom is present.
This is because this Judgment periods It can last for several months, closer to the market stages. Meanwhile, the uncertainty in the market remains, caused by the deterioration of the macroeconomic climate as well as political issues such as the initiatives of the President of the United States Donald Trump.
Time to write this report, BTC It was trading at $ 85.107, indicating an increase of more than 3 % in the past 24 hours. Bitcoin trading volume decreased by more than 1 %, indicating the regeneration of homosexuality.
Distinctive image from Medium, Chart from TradingView.com
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