Bitcoin’s recent $12B open interest wipeout was essential, says analyst

Bitcoin’s nearly $12 billion open interest shakeout earlier this month might be just the catalyst needed for the asset to regain its upward momentum, according to a crypto analyst.“This can be considered as a natural market reset, an essential phase for sustaining a bullish continuation,” CryptoQuant contributor DarkFost said in a March 17 markets report.“Looking at historical trends, each... source: https://cointelegraph.com/news/bitcoin-open-interest-wipeout-essential-phase-bullish-uptrend?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound