Bitcoin futures market stagnation hints at robust $25,000 support level

exchange68September 12, 2024

0 1 2 minutes read

“Latest data reveals a fascinating shift in Bitcoin’s futures market. Open interest, the sum of funds in active futures contracts, has slumped to under 1.9% of its market cap, roughly 373,000 Bitcoin, marking one of 2021’s lowest levels. This suggests a decline in speculation, but there’s another pattern emerging that could indicate a strong support level for Bitcoin… A level that, if held, could signal a crucial turning point.”

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