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Image Credit: Blockonomi

Analysis: Bitcoin Open Interest and Price Movements in October 2024

  • Bitcoin open interest across exchanges nearing all-time high of $39 billion
  • Current open interest at $37.6 billion, up from $34.6 billion yesterday
  • Bitcoin price recently hit $66,000 before retracing
  • Long-short ratio shows slightly more sell (51%) than buy (49%) volume

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