Bitcoin Rallies With Declining Open Interest; Spot Demand Emerges on August 19-20
According to ChainCatcher, Bitcoin's recent rally on August 19-20 saw open interest decline while onchain data showed shifting demand dynamics. Data analyst Murphy noted that unlike typical leveraged rallies, the current price move was primarily driven by forced liquidations and short covering
BTC-0.24%
GateNews·08-22 03:49
