Bitcoin Price Corrects, Market Sentiment Mixed Amidst Outflow and Open Interest Trends

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 30 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 68%

Cryptocurrency أخبار

Bitcoin,Market Sentiment,Open Interest

Bitcoin's price correction from its peak to $93,602, with retail traders not significantly influencing the surge, and a notable outflow from exchanges, hint at long-term holding intentions rather than selling pressure.

Exchange inflows and Open Interest revealed insights into market sentiment.to an all-time high of $99,645 last week, the asset has now entered a correction phase.

According to the analyst, the Korea Premium Index, which reflects retail participation, remained below -0.5 at the time of writing. Thus, retail activity has not been a major driver of the recent price surge.Historically, the Korea Premium Index has often shown significant spikes before Bitcoin reaches a price peak. Woominkyu emphasized the importance of monitoring this indicator closely to identify potential price tops.

Although this figure has since declined to around 31,000 BTC at press time, the number was still noteworthy, especially considering the day is just starting.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 22. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Bitcoin price hits a new all-time high of $90k, surpasses silver market capThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
مصدر: KitcoNewsNOW - 🏆 13. / 78 اقرأ أكثر »