In the last two weeks, Bitcoin price has fallen more than 8% to around $65,200, but analysts expect it to rise to $72,000-$74,000 and potentially above $100,000 by the end of 2024. 📉📈

High BTC open interest and negative exchange net flow indicate increased volatility and a potential bull run.

Important on-chain indicators, BTC open interest and exchange net flow, point to increased volatility and a possible bull run in the future. Bitcoin open interest refers to the total number of derivative contracts that have not yet been fulfilled.

BTC exchange net flow has been predominantly negative in the last week, indicating a shift away from centralized platforms towards their own private custody methods. This is considered bullish as it immediately reduces selling pressure.