Market analysis
🌴FREE INSIGHT🌴
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💎In the first picture, you can see the perpetual futures open interest with the current Bitcoin’s market cap.
💎As you can see, we just reached its highest point since July when BTC reached ~$64k and plummeted towards ~$30k.
🔑What does this mean?
💎It means that we’re in highly oversold territory on all market indicators. This signals an inevitable move up, likely having one of the highest volumes in the last 6 months.
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Crypto trading involves substantial risk and is not suitable for everyone. Nothing here is financial advice; it is education only. Never risk more than you can afford to lose.
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