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Saturday, May 25, 2024
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Analyst Warns Of Crypto Market Turbulence: Could Bitcoin Value See 20% Drop?

An analysis of the aggregated open interest of all cryptocurrencies, excluding Bitcoin's (CRYPTO: BTC), indicates a risk of a price dip, according to CryptoQuant's J. A. Maartunn.

Maartunn’s analysis cites a metric that currently stands at an elevated $13.8 billion, which could be a precursor to market turbulence.

Whenever this metric crossed the $12.2 billion mark, it historically led to at least a 20% drop in Bitcoin value, Maartunn suggests.

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Full story available on Benzinga.com


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