Recently, Bitcoin’s open interest of 12 M $ 12b was essential, says analyst – Tradingview news

Bitcoin is an open fixture of $ 12 billion in early this month may only be a catalyst for property to return its momentum upward, according to the analyst.

“This can be considered natural market reset, essential phase to maintain the beech extension,” Criptokuent Contributor Darkstom Darkstom in markets report from 17. Marta.

“Looking at the historical trends, every past that separated like this has given good opportunities for the short term to medium-term,” analyst said.

Koinglas data show that 20. February, Bitcoin’s Btcusd Open interest (OI) – metric monitoring The total number of unredicted treaties on Bitcoin, such as options and future – amounted to 61.42 billion dollars before leaving 19% to $ 49.71 billion to 4. March. March. Marta.

There was a lovely price due to uncertainty over the US President Donald Trump was imposed tariffs and the future of American interest rates.

“After a recent panic, it drives political instability associated with Trump decisions, we witnessed huge liquidation with positions on Bitcoin,” Darkstost said.

The price of Bitcoin fell below two crucial levels of prices during a two-week period, which is closer to the levels seen in days after Trump’s election victory in November.

25. February Wior Bitcoinins Retrecta Price below $ 90,000, and only two days later, 27. February, Bitcoin fell under $ 80,000 from November for the first time. Now trades at $ 83,400, according to CoinMarketCAP data.

The main analyst of Bitgets recently told Conistelegraph that Bitcoin was hovering at low $ 80,000, his price and OI could see more volatility if the Federal Meeting of the Committee on the open-ending board provided any surprises.

“The market is largely expected to keep the rates stable, but any unexpected juice signals could press the pressure on Bitcoin and other risky assets,” he added.

Markets currently appreciate 99% chance that the Fed will keep interest rates stable, in accordance with the latest estimates of the FedVatch tool of CME group.

At the time of publication, Bitcoin Oi is sitting to 49.02 billion dollars, which is approximately 6.5% increased in the last five days.

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