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Bitcoin due for squeeze as record $88B open interest sparks ‘flush’ worries

The Cointelegraph ​

Cryptocoins News / The Cointelegraph ​ 149 Views

Bitcoin futures gained their highest levels of open interest ever, leading to a forecast of a "liquidity flush" within two weeks.

Key points:

Bitcoin circles the $120,000 mark as traders boost liquidity on either side of the spot price.

Analysis sees bulls addressing the “imbalance” to take the market higher.

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