Bitcoin’s open interest has surged, signaling market resilience despite a lack of consolidation above $30,000, but what does this mean for crypto investors?
Giving at least one of these candidates the green light willSecondly, tightening the monetary policy to curb inflation. While raising interest rates is a necessary step for the Fed to put a break on loose money, the risk of an economic recession is a high price to pay. Despite running on a global, decentralized network of nodes, this also impacts Bitcoin, as institutional investors are risk-averse during economic struggles.
Accumulating Bitcoin open interest hints at increased confidence despite market struggles, which may lay the foundation for the next bullish momentum. Traders can leverage a potential uptrend with the help of TradeSanta’s cloud-based platform and its wide range of risk management tools like stop loss, trailing stop loss, and TradingView stop signals, and take profit targets such as simple or trailing take profit trigger.
Note that TradeSanta bots don’t make decisions for you. Instead, they automate processes according to users’ predetermined strategies, settings and TradingView technical indicators. This can be a significant boost in your trading experience, although you’re the one who pulls the strings.
Thanks to TradeSanta bots, users can also automate trading processes on major derivatives platforms, such as Binance Futures, Bybit Perpetual, and Kraken Futures. It supports major spot exchanges as well. The platform also offers its trading terminal, including all the tools needed for technical analysis of indicators.
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