Is The Bitcoin Price Rally Sustainable? On-Chain Data Provides Crucial Insights

Bitcoin has been trending up since hitting a local low below $25,000 on September 11th. Yesterday’s rally to $27,435 marked a 10% increase from the recent low. As NewsBTC reported, the rally was largely led by the futures market and a massive increase in open interest of over $1 billion, more than half of which was flushed out when BTC fell back below $27,000. Despite this,…

This story appeared on, .
The Entire Business World on a Single Page. Free to Use →