Bitcoin’s nearly $12 billion open interest shakeout presents a potential catalyst for its price recovery, according to analyst DarkFost. This reset might support a bullish trend as historical data indicates similar past events fostered price opportunities.
Open interest for Bitcoin has decreased by 19% recently, currently at $49.02 billion. Recent price volatility resulted from political uncertainties, particularly due to tariffs set by former President Trump, leading to liquidation of leveraged positions on Bitcoin.
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