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One platform for global traditional assets
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🪙 Bitcoin Holds Steady After Rebound
In the last 24 hours, Bitcoin has managed to stay above the $78,000 mark, possibly due to ongoing bullish activity increasing their long positions, hoping for further growth.
However, the prospects of a rally remain uncertain. Open interest in the derivatives market has increased by 6% and reached $57.6 billion. This raises concerns among some analysts: without support from spot buying, the growth in speculative demand could lead to a series of forced liquidations of long positions.