Market Wrap: Bitcoin Pullback Pauses as Traders Reduce Leverage

Market Wrap: Bitcoin Pullback Pauses as Traders Reduce Leverage


Separately, in the bitcoin options market, open interest (contracts that have been traded but not yet liquidated by an offsetting trade) is near all-time highs last seen during March and April, which preceded a significant price drop. It is possible that open interest can remain around current levels for another month before a sustained downturn in BTC’s price.

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