🪙 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
BTC0.38%
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GateUser-378c4af2
· 1h ago
thanks for the useful information ☺️
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