Bitcoin’s (BTC/USD) Wild Ride – Open Interest, ETF Flows Amid Trump’s Crypto Remarks
- Bitcoin’s (BTC/USD) price experienced significant volatility, dropping to $78k before rising to $95,000 due to Trump’s cryptocurrency reserve comments, then settling around $86k.
- Open interest for Bitcoin is at a six-month low, which historically has preceded price jumps.
- Spot Bitcoin ETF flows saw a $94.3 million investment on the last day of February, ending a period of significant withdrawals. Can it continue?
- Technical analysis indicates a potential downtrend for BTC/USD.
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Bitcoin’s rollercoaster ride continued today with the world’s largest cryptocurrency rising about 18% since Friday’s low. The gains proved short-lived however, as Bitcoin…
