Bitcoin stalls as open interest decline raises questions about rally's staying power
CoinDesk·
60-second summary
Bitcoin is stalling after reaching a two-week high of $64,500, as a decline in open interest and weak spot demand raises questions about the rally's staying power. This decline in open interest has dropped by 7.6% in the past week, a significant decrease that may signal a potential reversal in the market trend.
BTC retreated from a two-week high of $64,500 as falling open interest and weak spot demand cast doubt on the sustainability of July's 8.4% advance.