List of Flash News about BTC correction risk
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2025-05-02 11:53 |
Bitcoin Price Analysis: $BTC Open Interest Surges as Price Nears $100K - Key Trading Levels and Correction Risks
According to @BitcoinAnalysis, Bitcoin (BTC) surged above $97,000 yesterday and is now trading just below this level. Market data shows that BTC open interest (OI) has increased significantly, signaling heightened trader activity and leverage in the market (source: @BitcoinAnalysis). While some analysts anticipate a correction due to potential over-leverage, others expect a breakout above the key $100,000 resistance if buying momentum continues (source: @BitcoinAnalysis). Traders are closely monitoring support at $95,000 and resistance at $100,000, with increased OI indicating potential for higher volatility and sharp price moves in the near term (source: @BitcoinAnalysis). |