On Wednesday, Bitcoin (BTC) exceeded the $ 100,000 for the fourth time, the feeling that the merchant changes to the greed of the concern, while the value varies between $ 90,000 and the level of six digits.
The largest cryptocurrency can take several attempts to bring $ 100,000, as it has demonstrated in the past wanted through Coindesk. When playing a summit of all time of around $ 108,000 on December 17, Bitcoin put a series of higher speakers, as in the seven of 2024 – consolidation of the month.
However, the $ 90,000 value is still firm. He provided critical support, and Bitcoin has remained above November 18, apart from Minimize shortly under January 13. The catalyst for a pause in any of the instructions may be the inauguration of the elected president Donald Trump on January 20.
Monitoring the lever effect is also a key detail for euphoria or market greed. This can be observed through open interest in the long term (OI).
Open interest refers to the total number of Bitcoin term contracts in the market in the market. The knowledge of the portfolio shows that it has been at its lowest point since the beginning of November, when Donald Trump won the US elections.
As the graph shows, open interests fell to 621,000 BTC ($ 61. 6 billion), 700,000 BTC on December 19.
For a fair analysis, it is vital to compare the open interests called in Bitcoin, because the unit remains the same, than to use the nominal value, which fluctuates according to the value of Bitcoin.