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Total open interest in Bitcoin has seen a spike, which historically indicates a turning point for Bitcoin prices. Bitcoin is holding steady above $35,000 as indicators signal growth potential. The crypto total market cap has broken out to its highest levels in over 14 months. Analysts anticipate a more dovish Fed. Open interest in CME Group's standard Bitcoin futures contract has sharply increased in four weeks, which could presage trend reversals. Bitcoin has consolidated around $35,000, with a positive technical market backdrop. A chart shows that total open interest in Bitcoin futures has spiked, suggesting a potential price pullback. Bitcoin jumped to $35,500 in a short squeeze, while altcoin gains propelled the total cryptocurrency market's value to $1.3 trillion, the highest since May 2022. Bitcoin's open interest has surged past $15 billion, the highest in over six months, amid warnings of a potential pullback in the BTC price.
Bitcoin’s open interest has surged past $15 billion, the highest in over six months, amid warnings from analysts of a potential pullback in the BTC price. https://t.co/jxkR2CkG6H
Bitcoin jumped to $35,500 in an apparent short squeeze, while solid altcoin gains led by $SOL, $TON and $CRO helped propel the total cryptocurrency market's value to $1.3 trillion, the highest since late May 2022. @sndr_krisztian reports https://t.co/VNi5m7AKlL
A chart from @McClellanOsc shows total open interest in #bitcoin futures has spiked. "If you're a bullish trader ... maybe scale back your risk and anticipate the price pullback," @godbole17 says. Watch more from #TradingWeek, presented by @CMEGroup: https://t.co/j64mSSTFEh https://t.co/tP3agF88kk
Bitcoin has consolidated around $35,000, but the technical market backdrop remains positive. https://t.co/g9kjuNwHuu
Open interest in @CMEGroup's standard $BTC futures contract has increased sharply in four weeks. Historically, sudden spikes have presaged trend reversals. Reports @godbole17. https://t.co/Mb9b1jxYHX
#Bitcoin Market Sentiment Holds — Steady Above $35K as Indicators Signal Growth Potential https://t.co/pYmfPMLvnS
Bitcoin holds near $35,000 as analysts anticipate a more dovish Fed https://t.co/ELL0dDzLWN
Crypto total market cap broke out to its highest levels in over 14 months. https://t.co/wHBPyEzPQ4 https://t.co/0c6CPxDSfQ
#Bitcoin Technical Analysis: Steady Above $35K as Indicators Signal Growth Potential https://t.co/pYmfPMLvnS
'The fascinating aspect of total open interest in Bitcoin is that every once in a while it sees a spike in a relatively short amount of time. When that happens, it nearly always marks a turning point for Bitcoin prices.' https://t.co/MEuT2Ut9Qu by @McClellanOsc https://t.co/SFKPatVqZn