Could Bitcoin put in a surprise uptick instead of falling further? Consensus is growing that it's possible.
since November’s $69,000 all-time highs, and “squeezes” further occur when the market least expects a certain outcome.
Such an event could well be amplified thanks to “tepid” demand for spot BTC and futures open interest leverage, which is approaching 2% of the Bitcoin market capitalization, Glassnode continued.
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