Quote from: Relonage on January 22, 2024, 02:39:34 AM

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?

This week is just a start of the dump so I think we will be having this whole 3rd week and may change the season when the last week of January happens .
I am not against the increase but I don;'t wanna frustrate myself and others expecting a increase but will end dumping instead .

Quote from: jasonjm on Today at 12:42:51 PM

The chances of a BTC rebound are limited because of the selling pressure from the GBTC and other Bitcoin whales. This selling pressure from Grayscale might increase in the coming days. Bitcoin Whales dumped their Bitcoin holding, and the inflow to the exchanges suggested the same in the past two weeks. This price action suggests that the dip is coming, and we might go below $35k. Too much uncertainty at the moment, so it is better to wait for some time before making a move.

I will take that chance buying , 35 thousand price is the cheapest we can purchase bitcoin now.