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

[newshunter]

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’

Would appreciate your opinion about this

[Bliznec]

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.