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?
When most of these futures are going to expire? I am not yet expecting some rebound but if it's like a week or two of slump already then we may see some recovery.
That's possible.
The possibility of seeing it fall below $40k is there and boys, if you haven't bought much then just look at it as an opportunity.
Nothing to expect big especially that nothing to wait this week and bitcoin still continue to dump maybe it will take some time before we can see some good changes to its price and for now maybe this dump is the one will occur.
But we should not fear on this current event happening to it since even if bitcoin is dumping still there are still great events to look forwards by this year so we can still expect that bitcoin price recover so right now I'm monitoring the market to see if there's possible good things to happen and might think about buying some to add my stocks.
We are now at $39k price level and there's a possibilities that we could able to see more dump in next following days.