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Bitcoin’s Price Trend May Weaken as Open Interest Drops 👀 #JPMorgan analysts note that declining open interest in Bitcoin might indicate a weakening price trend. Long-position #liquidations seem mostly complete, suggesting reduced selling pressure and a potential slowdown in the downtrend. This drop in open interest reflects a possible weakening trend. Regulatory worries and market conditions have led to recent crypto market decline, despite earlier positive drivers like #ETF applications and Ripple's legal victory. The overall impact, combined with rising U.S. real yields and China's economic concerns, adds to market uncertainty, as per JPMorgan's analysis. #Binance #crypto2023

Bitcoin’s Price Trend May Weaken as Open Interest Drops 👀

#JPMorgan analysts note that declining open interest in Bitcoin might indicate a weakening price trend.

Long-position #liquidations seem mostly complete, suggesting reduced selling pressure and a potential slowdown in the downtrend.

This drop in open interest reflects a possible weakening trend. Regulatory worries and market conditions have led to recent crypto market decline, despite earlier positive drivers like #ETF applications and Ripple's legal victory.

The overall impact, combined with rising U.S. real yields and China's economic concerns, adds to market uncertainty, as per JPMorgan's analysis.

#Binance

#crypto2023

Aviso legal: Se incluyen opiniones de terceros. Esto no representa asesoría financiera. Lee los TyC.
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