Bitcoin holds $20K, but analysts say BTC open interest leaves room for ‘more deleveraging’ By Cointelegraph


Bitcoin holds $20K, but analysts say BTC open interest leaves room for ‘more deleveraging’

(BTC) price continues to struggle at $20,000 and repeat dips under this level have led some analysts to project deeper downside in the short-term. Earlier in the week, independent market analyst Philip Swift tweeted that the Crypto Fear and Greed Index had dropped back to back to “Extreme Fear,” reflecting softening sentiment among investors.

On Aug 29, analytics firm Delphi Digital highlighted Bitcoin open interest hitting a new record-high and said:

Bitcoin open interest. Source: Delphi Digital