K33 Research analysts believe that the risk of liquidations of positions intensified after a sharp increase in nominal open interest (OI) in unlimited futures that reached 310,000 bitcoins ($ 34 billion). Over the past two months, OI has grown by 41,600 bitcoins, and according to the results of the past week – another 13,472 bitcoin, which led to an increase in financing rates from 3% to 11%.
A negative scenario indicates the continuation of the aggressive opening of long positions in bitcoins, despite the stagnation of the price, this can provoke a sharp drop in the course of the first cryptocurrency, as happened in 2023 and 2024, experts K33 considered it.
An additional risk factor for bitcoin pressure is called the REPARATION OF CARACTION on the market. One of the early bitcoin investors I exchanged 22,400 VTS on the air on the Hyperunit decentralized exchange, and then sent ETH to the staying. In the moment, this led to an increase in the price of the broadcast to the record $ 4956, and the ratio of the ETH/BTC pair for the first time since the beginning of the year exceeded 0.042 VTS. At the same time, the dominance of ETH was preserved at 13.8%, while BTC has decreased to 56.6%.
Earlier, the adviser to President Salvador in Cryptorus Max Keiser said that the confident growth of the Heshrelite of the Bitcoin network could signal investors about the upcoming growth of the price of the first cryptocurrency.
Source: Bits
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