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🪙 Bitcoin holds ground after rebound
Over the last 24 hours, Bitcoin managed to stay above the $78,000 mark, made possible by the activity of bulls who continue to increase their longs, hoping for further growth.
However, the prospects of a rally remain in question. Open interest in the derivatives market increased by 6% and reached $57.6 billion. This is causing concern among some analysts: without support from spot purchases, the growth of speculative demand could lead to a cascade of forced liquidations of longs.
#BTC | #Bitcoin | $BTC
{spot}(BTCUSDT)