Bitcoin Open Interest Across All Exchanges Approaching All-Time High: $74,000 Incoming?

Quick Summary:

Bitcoin is trading at September highs, retracing after breaking above $66,000 on October 14.

Although the coin is trading lower at spot rates, the path of least resistance appears northwards, and the trend is shifting, aligning with gains of Q1 2024.

Considering the growth rate over the past 24 hours, it is highly likely that any break and close above $66,000 could attract more traders to open leverage positions.

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Article Details

Author / Journalist: Dalmas Ngetich

Category: Crypto

Markets: Hungary

Topics: Bitcoin trading Bitcoin News Bitcoin open interest BTCUSDT Bitcoin price Bitcoin Open interest

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-16 @ 06:30:40 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 372 words

Reading Time: 3 minutes read

Sentences: 36 lines

Sentence Length: 11 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 23083560

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 13 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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