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Bitcoin Open Interest Decline Mirrors 2021 Drop, Is History About To Repeat?

  • Bitcoin's Open Interest (OI) has witnessed a significant decline, similar to the dip experienced in 2021.
  • The decline in open interest reflects increasing uncertainty in the market, leading traders to close their positions.
  • Understanding institutional interest will be crucial for Bitcoin's upward movement.
  • Bitcoin starts the week on a positive note, reclaiming the $64,000 mark and showing potential for further gains.

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