馃殌 Bitcoin Boom Alert! 馃殌
Bitcoin (BTC) just flexed its muscles, surging 8% between Oct. 14-15 and a whopping 11.5% over the past month! 馃搱 Meanwhile, the S&P 500 is left in the dust with a mere 3.8% gain.
But wait, there's more! Bitcoin futures open interest hit its highest level since January 2023, signaling a massive appetite for leverage. Some traders are biting their nails, worried about potential risks of cascading liquidations.
Despite the volatility, traders are playing it cool with less than $70M in forced liquidations on Oct. 15.
What do you think? Is Bitcoin on a rocket to the moon or a rollercoaster ride? Drop your thoughts below! 馃殌馃憞