Despite the drop in Bitcoin's price, unsettled contracts still remain high
Although the price of Bitcoin has fallen, open contracts have increased to over $1.5 billion, which has raised concerns among some cryptocurrency analysts.
The founder of Decentrader, @filbfilb pointed out on platform X: "The price is stable, but open contracts have increased by $1.5 billion, this is a high-risk situation." He also warned: "I haven't encountered such a situation for a long time, we must be cautious." Meanwhile, Byzantine General (@ByzGeneral) mentioned in another post on X: "Open contracts are rising rapidly again, almost reaching the level when we suddenly plummeted before."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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