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Analysts from Alphractal spoke about a critically important mark for large Bitcoin holders.
According to experts, it will take some time to confirm whether the behavior of key players in the bitcoin market has indeed changed. The recent surge in the price of the first cryptocurrency to the mark of $94,000 has not yet led to significant qualitative changes in the activity of large holders of the asset.
The sector has developed an ambiguous situation that could lead to a wave of liquidations, as over the past few days, open interest in Bitcoin has soared by $10 billion due to a sharp increase in margin trading. At the same time, in the short term, the cryptocurrency’s quotes will not undergo significant changes, and analysts believe that heightened volatility of the asset should not be expected.
Earlier, the CEO of CryptoQuant, Ki Young Ju (, noted that the first cryptocurrency is still in a wide price range, and it is premature to talk about the return of the bullish trend.