Bitcoin’s $60K bottom still holds? K33 says this cycle is different
Bitcoin’s $60K February low may still mark the cycle drawdown, as K33 points to weak leverage, ETF outflows and cautious BTC traders in May.
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Bitcoin open interest reaches $29B, its highest since Jan. 29, as Binance leads with $9.03B and BTC trades near $77,271. Bitcoin open interest rose to $29 billion on May 5, its highest level since January 29. Traders added long positions as Bitcoin moved toward $83,000, while Binance led activity with $9.03 billion in Bitcoin open […] The post $29B Bitcoin Bets Are Back – But One Exchange Now Dominates 73% appeared first on Live Bitcoin News.
Read full articleBitcoin’s $60K February low may still mark the cycle drawdown, as K33 points to weak leverage, ETF outflows and cautious BTC traders in May.
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