Historical Peak in Cryptocurrencies! Will Bitcoin Price Drop to $50,000?
Summary
Open interest in cryptocurrencies has reached the ATH level.
Bitcoin price surpassed $68,000 in the early hours of the night.
The possibility of a price correction for Bitcoin remains.
Similar to 2021, when ATH was seen, funding rates revealed an upward trend in open interest, while Bitcoin rose to an all-time high. On the other hand, interestingly, it is seen that a positive funding rate has emerged due to the gradual transformation of open positions into long positions.
However, this unstable structure crea
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