Analysis: Deleveraging is accelerating, with Binance Bitcoin open interest down 17% in a month
A look at both sides:
Bullish case: Bad news being priced in could also mean one less uncertainty;
Bearish case: Confidence has taken a hit, so short-term capital may be more cautious;
My take: Both sides have their logic. Ultimately, it comes down to what the price and trading volume at $BTC indicate.
Latest for $BTC : 73506.47, 24h -0.53%, 24h range 73390.13 ~ 74811.45.
A look at both sides:
Bullish case: Bad news being priced in could also mean one less uncertainty;
Bearish case: Confidence has taken a hit, so short-term capital may be more cautious;
My take: Both sides have their logic. Ultimately, it comes down to what the price and trading volume at $BTC indicate.
Latest for $BTC : 73506.47, 24h -0.53%, 24h range 73390.13 ~ 74811.45.