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via CoinDesk · By CoinDesk Staff
Bitcoin price analysis: BTC could have further room to fall, based on derivatives positioning
BTC
BTC/USDT
$63,013.66
-0.01%
$63,013.66
-0.01%
(24s)24h Volume
$2,183,552,863.95
24h H/L
$63,175.00 / $62,946.58
Change: $228.42 (0.36%)
Long/Short
68.0%
Long: 68.0%Short: 32.0%
Funding Rate
+0.0034%
Longs pay
Data provided by COINOTAG DATALive data
CS
CoinDesk Staff(12:12 PM UTC)
1 min read
Bitcoin derivatives markets flashing warning signs as price plunges below $70,000
Open interest has risen to 773,000 BTC, one of the highest readings on record, while funding rates remain elevated despite weak spot demand and growing market fear.
Bitcoin slipped below the psychologically important $70,000 level on Tuesday, trading around $69,300, as derivatives positioning reached some of the most…
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