Author Topic: Analysts say Bitcoin’s open interest wipeout ‘will give way to further upside’ (Read 871 times)

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’

Would appreciate your opinion about this

Altcoins Talks - Cryptocurrency Forum · « **on:** December 13, 2021, 01:00:29 PM »

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Bliznec · « **Reply #1 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.

Altcoins Talks - Cryptocurrency Forum · « **Reply #1 on:** December 16, 2021, 02:33:52 PM »

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Author Topic: Analysts say Bitcoin’s open interest wipeout ‘will give way to further upside’ (Read 871 times)

newshunter

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

Altcoins Talks - Cryptocurrency Forum

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

Bliznec

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

Altcoins Talks - Cryptocurrency Forum

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