Bitcoin holds $20K, but analysts say BTC open interest leaves room for ‘more deleveraging’
Cointelegraph
Published Aug 31, 2022 05:32PM ET
Updated Aug 31, 2022 07:20PM ET
Bitcoin (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:
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Written By: Cointelegraph
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