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Analysts Warn of Potential Price Correction Amid Bitcoin OI Surge

  • Bitcoin's open interest (OI) has surged past $35 billion, raising concerns of market frothiness.
  • Increasing geopolitical tensions in the Middle East may cause a price correction, potentially dropping Bitcoin to as low as $55,000.
  • The Bitcoin OI hit $35.52 billion on September 27th, the highest since June 7th.
  • Analysts predict a small 5-10% drop in OI that won't halt the overall positive trend, but warn of further price decline if tension escalates in the Middle East.

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