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@ Layer3.news
2025-02-22 13:35:10
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BITCOIN BREAKS $99,000, BUT ANALYST WARNS RALLY ‘LEVERAGE DRIVEN’
https://pbs.twimg.com/media/GkQbXx1X0AA6EN_?format=jpg&name=large
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✍️ Bitcoin's recent surge above $99,000 has raised concerns about its longevity due to a spike in Open Interest, which could lead to increased volatility.
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👉 Bitcoin's Open Interest has spiked alongside the latest price rally
👉 The Open Interest tracks the total amount of positions related to BTC on derivatives exchanges
👉 A spike in Open Interest can lead to higher volatility as new positions are opened
👉 A decline in Open Interest could indicate a more stable market
👉 The trend is concerning, as it could lead to a mass liquidation event and volatility in either direction
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#Maartunn #Glassnode #technology
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