Quote from: Promocodeudo on Today at 11:58:08 AM

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?

For now the issue of rebound is left for the market force to decide, anything more than that is either mere prediction or market speculation which is not healthy for a bitcoiner, people were expecting the price to go up when the news of ETF approval break out but it was a different case, after the approval a week later the price went down for a reason I don't know, but may be some investors has started thinking that Bitcoin might reach the level of being controlled by government which no one can tell for now, but I know for certain that there is something fishy which might unfold itself very soon, we keep watching to see.

That indicate that we can't expect any good reaction for the price of bitcoin if there's certain big news happened to it and that ETF approval but result is not we expect to happen tells that all. So maybe we should not expect any more than that since provably there are just entity trying to hype up the situation and they want be the first to sell bitcoin at the top. We can also add some controversy which contribute its dump so we can't really easily feed up and always look at the current event so we can secure a profit if we want to sell.

For now still monitoring how far it can go since eventhough we experience this I would like to accumulate if I see enough dump occurs in the market.