BTC Price Analysis: Bitcoin Eyes $83K as Binance Open Interest Tops $10B
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3 Articles
Bitcoin (BTC) Resists in USD $79,871 While Volume Cools and Open Interest in Binance Triggers Alerts
Bitcoin (BTC) is listed around USD $79,871.49 with a gain of 0.41% in the day, consolidating a 22.92% rebound in the last 30 days. However, the volume is 32% below its monthly average while the open interest in Binance grows almost 8% in 24 hours, a cocktail that suggests less conviction in the spot but greater leverage. With markets attentive to the US inflation data next week, the sustainability of the movement will depend on confirmation by v…
BTC Price Analysis: Bitcoin Eyes $83K as Binance Open Interest Tops $10B
Here’s what’s next as Bitcoin trades near $80K and Binance open interest tops $10B, with BTC facing key resistance around $82K-$82.8K. Bitcoin traded at $79,700 on Binance’s daily chart as price consolidated beneath a major resistance zone. Today’s candle held a narrow range between $79,442 and...
According to ChainCatcher, CryptoQuant analyst Darkfost stated that as BTC returned to around $82,000, Binance's Bitcoin futures open interest increased by nearly 8% in the past 24 hours, surpassing $10 billion and reaching a nearly 6-month high. Open interest in BTC also rose to 125,830.
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