The chart shows a clear picture that Bitcoin is bullish, and this very recent volatile dump caused around 100m$ of open interest to evaporate within less than an hour of time. Just like that in the blink of an eye. This also adds room for BItcoin to move up. In my opinion we will see 10700-10800 levels and even potentially 11-12k in coming time.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.