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Bitcoin Open Interest Sets New $20 Billion Record, Will This Prevent A Run To ATH?

  • The Bitcoin Open Interest has surged to a new all-time high (ATH) of $20 billion, indicating potential volatility.
  • The increase in Open Interest suggests that investors are opening fresh positions on the market.
  • Higher Open Interest typically leads to sharp volatility and price tops for Bitcoin.
  • The rise in the Bitcoin Estimated Leverage Ratio indicates increased risk appetite among investors.

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