Currently, Bitcoin's open interest is approaching dangerous levels. High open interest typically indicates increased leverage, which can lead to more significant price volatility. When open interest surges without corresponding price increases, it can signal excessive speculation and a potential risk for a market correction or liquidation event. If open interest continues to rise, it may lead to an overheated market, increasing the chances of a sharp price drop, especially during sudden market shifts.
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The cake tastes delicious.
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We are watching a movie.
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