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Learning & News => News related to Crypto => Topic started by: newshunter on December 13, 2021, 01:00:29 PM

Title: Analysts say Bitcoin’s open interest wipeout ‘will give way to further upside’
Post by: newshunter on December 13, 2021, 01:00:29 PM

Analysts say Bitcoin’s open interest wipeout ‘will give way to further upside’

Bitcoin’s drop to $42,000 obliterated its open interest and liquidated a large swath of leveraged traders, but analysts say OI resets typically provide great buying opportunities.

Source: Analysts say Bitcoin’s open interest wipeout ‘will give way to further upside’ (https://cointelegraph.com/news/analysts-say-bitcoin-s-open-interest-wipeout-will-give-way-to-further-upside)

Would appreciate your opinion about this

Title: Re: Analysts say Bitcoin’s open interest wipeout ‘will give way to further upside’
Post by: Bliznec on December 16, 2021, 02:33:52 PM

Everyone wants to buy bitcoin at a low price. The bitcoin rate fell in order to continue its growth. Large investors bought bitcoin at $ 45k or $ 60k. Time will pass, the rate will rise again. I do not believe that interest in bitcoin has faded away, since there is someone to buy bitcoin today, tomorrow. Most likely, the rate was slightly lowered by selling, before the holidays.