Bitcoin Futures Hit 8-Month Low: Is the BTC Price Headed to $85K?
Bitcoin (BTC) bulls worry that institutional interest is weakening amid softer demand for BTC futures. However, other metrics suggest that the BTC price could avoid falling below $85,000. Key takeaways: BTC futures open interest fell to $42B, an eighth-month low, signalling a leverage flush rather than bearish bets. Bitcoin options pricing suggests stabilizing sentiment. BTC...
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