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BTC

BTC Stands Resilient Despite Drop in Open Interest

CryptoQuant reports a sharp decline in the net open interest for BTC, dropping below -$100 million. Despite this decrease, BTC remains strong at $115,000, indicating buyers are partially absorbing seller pressure.
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AI Analysis

The recent data from CryptoQuant shows a notable decline in BTC's net open interest, decreasing by over $100 million. This could suggest that traders are unwinding their positions or that there is a r...

AI Recommendation

Given the current situation, it is advisable to monitor the open interest and price movement carefully. The fact that BTC is holding its level at $115,000 while open interest declines suggests caution...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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