The open interest of Bitcoin (BTC), which is 90 days, that is, the collected value provided by the US dollar for all future contracts and unstable contracts so far, has lost its size. Amid the increased feelings of fear, the Bitcoin (BTC) markets entered the “Deleveraging” stage, which historically opened amazing opportunities for merchants.
Bitcoin (BTC) use drops; An opportunity for bulls?
The 90 -day open attention to Bitcoin (BTC), the largest encrypted currency, refers to passive community experts, which indicates Darkfost_coc. This means that less than traders have their unstable positions.
In recent days, OI fell from Bitcoin for 90 days from 33.6 billion dollars in 23.1 billion dollars, and lost 31.2 % of the peak size. This is a secret indication that Bitcoiners (BTC), especially futures dealers, is increasingly cautious.
As Cryptoquant experts have noticed, these “refrigerated” stages often open the chances of traders. Historically, each stage of clotting has opened good chances in the short and medium -term for Bitcoins worldwide.
The latest enormous events occurred in forgery before Bitcoin ETF approvals in the United States in January 2024 and during the recession Q4, 2022-s, 2023.
As of the time of printing, the open interest in Bitcoin continues on the main exchanges.
Fear encryption market is progressing again
Bitcoin (BTC), the largest encrypted currency, changes hands at $ 8,3300, an increase of 0.28 % in the past 24 hours. Also in the past 24 hours, the daily trading volume of BTC/USDT pairs has doubled on the main CEXES.
However, in general, pessimism continues to dominate cryptocurrency markets. The fear and greed index fell to 32/100, which equals the “fear” area.
The markets may be tense before the FOMC meeting from 18 to 19 March in the United States, where new monetary decisions can be made.
