According to BlockBeats, on November 29, according to a report released by Block Scholes and Bybit Analytics on November 28, the current decline in Bitcoin open interest shows that this is the result of "traders repositioning after fully analyzing the market situation" rather than large-scale liquidation.
A Bybit spokesperson said this dynamic could push Ethereum prices above $4,000 before Donald Trump’s inauguration on January 20. (Cointelegraph)
