Bitcoin’s Open Interest Resets as It Eyes $100,000 Bull Run
Bitcoin appears positioned for substantial growth as it rebounds from recent lows. After reaching a new all-time high of $99,645 on November 22, BTC has been consolidating. The recent pullback saw over $500 million in liquidations, yet the market showed resilience, avoiding the catastrophic sell-offs observed in previous cycles. Many analysts believe Bitcoin has substantial momentum and could soon break the $100,000 mark. Investors are excited about the implications of this price level. Staying informed on Bitcoin price movements and market sentiment will be critical for traders. Expect significant activity as Bitcoin continues to dominate the crypto space.
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