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Bitcoin Open Interest Flips Negative After July Peak – Risk Appetite Cools - Overpasses For America

Bitcoin surged past the $120,000 mark, reaching an intraday high of $122,300 — just shy of its all-time high at $123,000. The move marks a strong bullish continuation after weeks of upward momentum, fueling hopes among traders that a new record could be imminent. However, seasoned investors are approaching the rally with caution, warning that current price action could represent a relief rally before another consolidation phase. Related Reading …

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On Monday, the largest cryptocurrency by market capitalization, Bitcoin (BTC), almost broke the all-time high it reached a month ago, when it climbed to $122,282.08. Positive sentiment is not only around BTC, but also around other cryptocurrencies.

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Bitcoin's value is nearing record highs. The world's largest digital currency's price is being fueled by growing demand from companies building up stockpiles of digital tokens on their balance sheets.

·Apeldoorn, Netherlands
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rd.nl broke the news in Apeldoorn, Netherlands on Monday, August 11, 2025.
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