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Glassnode says Bitcoin open interest jumps during sell-off

NewsFeeds update

Glassnode said Bitcoin open interest rose by about $1bn during US trading hours as the price fell, then by nearly $500m more on 6 Nov. Funding rates briefly dipped before rising again, which Glassnode read as long holders starting to re-enter.

BitcoinCoinNessAIBullish

Read the original on CoinNess

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Not investment advice.