On November 29, BlockBeats reported that a recent analysis by Block Scholes and Bybit Analytics, published on November 28, suggests that the current decline in Bitcoin’s open interest is due to traders repositioning their investments after thoroughly analyzing the market rather than a mass liquidation.
This dynamic could lead to Ethereum prices surpassing $4,000 prior to Donald Trump’s inauguration on January 20, according to a Bybit spokesperson. (Cointelegraph)
Source
<p>The post Bitcoin Open Interest Decline: Traders’ Repositioning, Not Mass Liquidation first appeared on CoinBuzzFeed.</p>
