Quote from: Natalim on January 24, 2024, 09:51:54 PM

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?

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.

If we look at the long term, bitcoin has only one trend: always increasing, but what people want is quick profits in the short term, so people only always ask questions and pay attention to its fluctuations in the short term . But unfortunately, no one knows whether bitcoin will increase or decrease tomorrow, let alone next week or next month .

Bitcoin has been on a steady rise for the last 2 or 3 months of 2023, and the bitcoin correction in January 2024 was not too surprising . Many people are very disappointed because they thought the ETFs was some big thing and that it would positively impact the price of bitcoin . But unfortunately things did not go as expected and they began to blame the ETFs for this decline.