Bitcoin Crypto Faces Sell Pressure as Open Interest Surges Near $70K
Key Insights: The price of Bitcoin crypto plunged moderately over the past 24 hours. However, Bitcoin open interest (OI) surged during the same period, signaling aggressive selling pressure. At the same time, BTC price tested the $70,000 region, while the spot exchange-traded funds (ETFs) returned to seeing outflows
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