đ Bitcoin's Rollercoaster: Hold onto Your Hats! đą
- Bitcoin open interest (OI) surged past $35 billion, sparking chatter about market frothiness. Analysts are raising eyebrows, but hey, who doesn't love a little drama?
- On Sept. 27, Bitcoin OI hit $35.52 billion, the highest since June. History lesson: Last time it was this high, BTC was near its all-time high before taking a nosedive.
- Since then, OI dropped 9% to $32.32 billion, and BTC price slid to $61,629. Bitfinex analysts say a 5-10% pullback is just a market stretch, not a crash diet.
- Tensions in the Middle East are making traders jittery, with some predicting BTC could dip to $55K. Stay tuned, folks!
This article does not contain investment advice.
