🚀 Bitcoin Shatters Records, Hitting $75,000 with Open Interest Surging to All-Time High! 🚀
The $BTC bull run is in full swing! Bitcoin has soared past its previous ATH of $73,800, climbing to $75,792—pushing Open Interest (OI) on derivatives to an incredible $45.41 billion (+13.29% since Nov 5)! 📈
This surge in OI highlights the sheer momentum as traders open new positions, betting on even bigger gains ahead. With $1.26 billion in short positions at risk, the pressure is on! 🔥
Analysts are eyeing a climb toward $130K - $150K in 2024, with veteran trader Peter Brandt calling this the “sweet spot” of the bull cycle.
Are you ready to catch the next wave? 🌊
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