📉 FUD and Volatility in Bitcoin! 📉

Fear, uncertainty and doubt (FUD) has dominated the crypto market this week. Bitcoin (BTC) fell due to this negative sentiment. BTC derivatives market open interest is at all-time highs. On June 15, BTC was at $66,224 and speculative demand increased with an open position of $34.5 billion. This situation may support short position squeezes. 📊