According to data from the Coinglass platform, the current open positions in Bitcoin futures contracts have reached $17.582 billion. CME holds the largest share at $4.769 billion, followed by Binance at $4.151 billion, and Bybit at $3.199 billion. The substantial open interest across these platforms suggests significant market activity. So will Bitcoin rebound this week?
Don't worry about short-term volatility if you are a long-term holder. Change your short-term mindset to a long-term mindset - this will save you more energy instead of being prone to emotions due to price corrections. In the last 24 hours bitcoin has tested the $39,400 support level - there is panic there and concerns are starting to emerge. Don't be afraid - accumulate and set your sights on the long term.
I hope the price will recover soon rather than having to continue testing new support levels - but Grayscale may still influence the price down due to its bitcoin sales. In less than 2 weeks - bitcoin has lost almost $10K in price, that's the impact of the ETF in the short term.
. Price will go up above 50 K soon