Glassnode: This BTC pump is different from late June, as traders tend to go long.

Odaily News Glassnode published an analysis on the X platform, pointing out that after Bitcoin rose and broke through 112,000 USD, short positions were punished again. However, this time the rise of BTC seems different from the rebound in late June, when open interest (OI) sharply declined, while in the latest round of increases, open interest has increased, and traders are leaning towards going long.

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GateUser-253793f1vip
· 14h ago
Quick, enter a position! 🚗
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