Bitcoin OI To Market Cap Ratio Hits Multi-Year High – What This Means To Price

Quick Summary:

Bitcoin has shattered its all-time highs once again, reaching a new peak of $79,780.

This marks the fourth time in just five days that BTC has set a record high, firmly establishing a bullish phase that began when it broke its previous all-time high in March.

If Bitcoin maintains its position above these levels, the bull market could intensify, potentially drawing even more institutional and retail interest to the asset.

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Article Details

Author / Journalist: Sebastian Villafuerte

Category: Crypto

Markets: Hungary

Topics: Bitcoin News Bitcoin Open Interest To Market Cap Ratio Bitcoin Bull Run Bitcoin futures BTCUSDT Btc Bitcoin news Bitcoin Bitcoin ATH Bitcoin Price Action Bitcoin technical analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-10 @ 17:00:29 (3 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 554 words

Reading Time: 4 minutes read

Sentences: 52 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 23498648

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 14 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 8 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #105

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