Analyst: Bitcoin trend reversal requires simultaneous growth in price and open interest, or significant capital inflows
BlockBeats News, October 18, CryptoQuant analyst Axel Adler Jr stated in a post that after a large-scale leverage wipeout, the market is still in a correction phase; the risk of cascading liquidations has dropped below peak levels. A short-term rebound is possible, but for a sustainable reversal to occur, either prices and open interest need to grow in sync, or there must be a significant inflow of spot funds.
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