The public encryption market started experimenting with upward movements, and BitcoinThe largest digital assets, which increased briefly from 84,000 dollars to the threshold of 88,400 dollars. Since the BTC price is a slight rise, many areas of market dynamics have seen a noticeable increase, such as open interest (OI).
A recovery in the open Bitcoin interest
Bitcoin’s morale in the market seems to turn towards a positive look with the encryption market slowly. In encouragement a report From Ali Martinez, a technical expert and on the series, witnessed the open interest of Bitcoin through the main encryption platforms.
with BTC’s open attention Besides the growth of the market, progress indicates a wave of new optimism between big and small investors. This increase in open attention, which is sometimes seen as a decisive sign of speculative activity, means that merchants get more active bets and put stakes on large price movements in the future.
The data indicates that the open interest has witnessed an increase of about $ 3.2 billion, which amounts to its total value to more than 30.5 billion dollars. Ali Martinez stated that this great growth occurred within only 24 hours, as prices rose to a threshold of $ 87,000.
Before the rise on Monday, the open interest of BTC amounted to about 27.2 billion dollars by Sunday, which reflects an increase of more than 10 % over 24 hours. With the continued stability of BTC near the decisive resistance levels, the increasing open attention may affect BTC priceWhich leads to an extension of the continuous upward trend.
When this happens, more investors and traders are likely to participate in the main assets because they put themselves for what might be The next important step in its price track. This is because this prominent growth in the chain activity can be a turning point for Bitcoin.
BTC’s profits increase in the long term
The last upward trend of BTC It has led to a great profit for the long -term holders or whales in the past few days. At the price level of $ 84,882, Ali Martinez High Long -term holders realized approximately $ 155 million of profits. In the event that the bullish direction continues, these whale holders can search for a massive profit in the short term, especially if the assets are reconsideration Keys levels Like a $ 100,000 sign or its highest level ever.
Darkfost reports, market expert, reveal that these investors are already aware of about 85 % of profit such as Long -term holder SOPR (SOPR) is hovering around the 1.85 level. However, the expert warned the investors against preparing for all scenarios and be ready to reduce losses if necessary or make modest profits if the circumstances deteriorate.
At the time of writing this report, Bitcoin was trading at $ 87,117, indicating an increase of approximately 3 % last day and an increase of approximately 4 % in the past week. The feelings of investors significantly improve in addition to price growth. CoinmarketCap data shows an increase in trading volume by more than 181 % last day.
Distinctive image from Adobe Stock, Chart from TradingView.com
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