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Bitcoin OI To Market Cap Ratio Hits Multi-Year High – What This Means To Price

  • Bitcoin has reached a new peak of $79,780, marking its fourth all-time high in five days.
  • BTC's open interest to market cap ratio has hit a multi-year high, indicating heightened market interest and potential future volatility.
  • The next few days will be critical as investors monitor momentum and assess the potential for further upward movement.
  • Bitcoin's bullish phase is supported by price action and compelling on-chain data, but comes with risks of heightened volatility and potential liquidations.

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