Bitcoin’s price has rebounded to $96,556 after dropping to $89,000, showcasing the market’s volatility. Concerns among traders grew as BTC fell below $90,000, prompting analysts to investigate market dynamics affecting this upturn.
Current market metrics reveal mixed signals; open interest in Bitcoin derivatives ROSE by 2.09% to $61.88 billion. Nevertheless, whale transaction fluctuations indicate uncertainties regarding Bitcoin’s future trend.
Leave a Reply