Bitcoin Open Interest Declines, Risks Accumulate: Ethereum's Impact on Market Trend

Looking at Bitcoin today, the open interest has declined, and it may have reached a short-term equilibrium relationship here. I mentioned before that if the open interest begins to decline, we must pay attention to the risks. At present, the open interest cannot go up, but is declining, so The current risks are slowly accumulating, but they are not over yet. We must pay more attention to whether Ethereum can hit the upward trend and drive Bitcoin to rise together. If Ethereum still fails to rise in this wave, then the market may reach a short-term top.To sum up, you can continue to play in the short term, and you still need a certain amount of time to observe the market.

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