⚈ The open interest of the BTC is 3 months old, signaling a strong speculative activity.
⚈ The open sellers have already lost $ 2.17 billion while Bitcoin exceeded the milestone of $ 100,000.
The Bitcoin Rally (BTC) above the $ 100,000 psychologically crucial mark has endangered a large quantity of short positions – especially if the main digital currency continues to exceed $ 110,000.
To be more exact, the open sellers lose approximately $ 1.19 billion if the price of bitcoin reaches levels above $ 110,000, per data recovered By Finbold on May 9 from the cryptocurrency market analysis platform Rinsing.
Expected sellers at risk because the chances that Bitcoin reach $ 110,000 are high
The flagship cryptocurrency changed hands at a price of $ 102,970 at the time of writing the editorial's moment, having marked a gain of 3.33% on the daily graphic.
Currently, the rally seems to continue to continue. Traders have intensified the opening of speculative positions, because the open interest of Bitcoin is at a summit of 3 months, and could soon reach a summit of the year (YTD).
In addition, the sellers uncovered have already lost approximately $ 2.17 billion thanks to the BTC rise above $ 100,000
With the Bitcoin ratio owned at a loss regularly while the number of new BTC millionaires is increasing, all signs indicate a conclusion – that the increase in digital assets greater than $ 110,000 is now a question of moment, not so.
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