The increase in Bitcoin open positions in the last 24 hours attracts the attention of investors. This revival that has been following the long -standing negativity may indicate a return for markets.
Bitcoin data
According to market data, Bitcoin’s open position value in 24 hours reached $ 58.7 billion. This indicates optimistic expectations, contrary to the decline trend seen in previous periods of the year. The increase in transaction volume gives signals that moving trends may be involved in the derivative market.
Bitcoin increased in the last 24 hours and rose to the limit of $ 88,500. In short -term graphs, the rise in weekly and monthly periods is remarkable.
The increase in open positions is important because it points to the general risk of the market. The transaction volume and the density in the market can prepare the ground for the future of Bitcoin price to new peaks in the future.
Hayes’s Bitcoin Review
The increase in corporate procurement activities shows that Bitcoin has become a safe harbor for some in an ongoing uncertainty environment in global markets. For example, we saw that Metaplanet, which bought 6,556 Bitcoin for $ 555 million, has added 330 Bitcoin to its portfolio. Strategy again announced yesterday’s huge purchase. Moreover, the increase in the number of new Bitcoin whales is remarkable.
When such transactions are evaluated with market data, Bitcoin causes positive expectations about future price movements. This is also positive for the future of crypto currencies.
Transaction volume and open position data pave the way for predictions that prices can be reached in prices in case of protection of general sensitivity in the market. As a matter of fact, Hayes said in his last assessment that 100 thousand dollars were extremely cheap for BTC.
Arthur Hayes: “The price of Bitcoin is traded with a unique discount below $ 100,000.”
The data indicate that a more independent course can be captured by breaking Bitcoin’s relationship with the stock market. Observations of investors and market analysts are interpreted as the idea that the increase in open position may have an impact on long -term trends.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
