Post
Topic
Board Bitcoin Discussion
Re: Will Bitcoin Rebound This Week
by
Natalim
on 24/01/2024, 21:51:54 UTC
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 look at the share OP as it doesn't influence the price movement of Bitcoin but rather understand what the volatility means.
You may be asking rebound this week. The answer is uncertain but surely we have that rebound only the fact that we don't know when it comes. The halving event is on its way, we can be optimistic about its results because that is what we experienced last halving. That is why we don't have anything to worry about the current dump, it won't dump badly like another bearish season. Hold and wait for the market recovery (or just grab some), we never incur losses as long as we never sell any.