According to experts, it will take some time to make sure that the behavior of key players in the Bitcoin market has really changed. The recent jump in the price of the first cryptocurrency to $ 94,000 has not yet entailed significant qualitative changes in the activity of large asset holders.
The sector has developed an ambiguous situation that can result in a wave of liquidation, because over the past few days, an open interest in bitcoin has taken off by $ 10 billion due to a sharp increase in margin trade. At the same time, in the short term, cryptocurrency quotes will not undergo significant changes, and you should not expect increased volatility of the asset, analysts say.
Earlier, Cryptoquant General Ki Young Ju, noted that the first cryptocurrency is still in a wide price range, and talk about the return of the bull trend prematurely.
Source: Bits
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