July 20, 2024
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Crypto

Bitcoin Open Interest Skyrockets: Traders Caution.

A Meteoric Rise in Bitcoin’s Open Interest In a whirlwind turn of events, Bitcoin’s open interest (OI) has catapulted to unprecedented heights, soaring over $2 billion within a mere three days. This explosive surge has set the crypto community abuzz, with traders bracing themselves for a potential “whipsaw” effect—a dramatic and sudden price reversal. Unpacking

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