Open interest in bitcoins Breated by billions in one weekend, painting the bear’s prospect of flagship cryptography and BTC Bulls spells. Despite this failure, cryptography analysts ensured optimism of their analysis, which soon indicates a stubborn reversal.

Open Bitcoin interest is $ 4.5 billion at the weekend

Couminggass data It shows that the open interest of Bitcoin increased by $ 4.5 billion over the weekend, falling from $ 65 billion to $ 61.5 billion. This happened after the liquidation that took place because of Btc price crash. Further data from Couminglass shows that over $ 2 billion has been erased from the Bitcoin market in the last 24 hours.

Bitcoin Bulls accepted the most strokes because in this period $ 1.88 billion in long positions Open interest in BTC. It paints the bears of the prospects of flagship cryptocurrencies and exposes the bulls to danger, because the bears look strongly control. In the context of Bitcoin, it dropped from over 100,000 USD to even USD 92,000 over the weekend.

This Bitcoin price failure took place after US President Donald Trump He announced a 25% tariff for imports from Mexico and Canada and a 10% tariff for goods from China. Mexico and Canada took revenge, imposing tariffs on goods from the USA, while China also pointed to applying a tariff to American goods.

Open interest in Bitcoin seems unlikely in the compact period, because market participants could remain outside the market because of economic uncertainty. This event means extermination for Bitcoin Bulls, because the flagship crypto may fall lower if there are no buyers to defend BTC at these levels.

Certain positive for bitcoins among the open interest disaster

In the post X Crypto analist Ali Martinez He revealed that 65.75% of Binance traders with open Futures Bitcoins are betting upstairs. This is stubborn at the BTC price, because traders have experience in a timely manner. As such, the flagship crypto can affect the current price level.

In the post X Crypto analist Titan of Crypto He stated that the broader trend of Bitcoin prices is still up. This was when he revealed that BTC was establishing a fresh range from 104,400 to 93,600 USD. The cryptographic analyst noticed that the compact -term direction remains uncertain until this range breaks. However, in the long run Tytan of Crypto is convinced that a wider trend is still up.

Meanwhile, a well -known author and financial expert Robert Kiyosaki He suggested that it was not a time for panic, because it was an opportunity to buy Bitcoins on sale before he was approaching.

At the time of writing this text data with coinmarketcap.

A distinguished painting from Istock, chart from tradingview.com