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Uptober Sparks Bullish Momentum: 5 Bitcoin Metrics Hint at $75K+ in 2024

  • Bitcoin's open interest and reduced supply on exchanges suggest growing market confidence.
  • Strong institutional demand for Bitcoin ETFs and bullish technical indicators hint at a potential surge to $75K and beyond in 2024.
  • Bitcoin's open interest in perpetual futures reached a multi-month high, signaling bullish market sentiment and increased liquidity.
  • Bitcoin's supply on exchanges has reached a five-year low, indicating traders are holding their assets and reducing sell-offs.

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