$BTC update 🧑💻🧑💻🧑💻🧑💻🧑💻🧑💻🧑💻🧑💻
Bitcoin is riding an exciting wave today! As of October 24, 2024, it's been showing bullish tendencies, with its price recently touching $66,000 before a slight retracement. Open interest across major exchanges has surged to $37.6 billion, nearing its all-time high, signaling that traders are ramping up their involvement. The excitement is building, with some experts speculating that Bitcoin could soar to $74,000 if momentum holds
However, it's important to note that the market is divided right now—51% of the volume is sell orders, while 49% are buys, showing that traders are still debating Bitcoin's short-term direction
. But the long-term signs are encouraging, with institutional investors continuing to accumulate Bitcoin, and fundamentals like mining profitability are also on the rise
. Buckle up, as Bitcoin could be setting the stage for a dramatic finish to Q4!
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