Markets· ★★★· bearish·

Bitfinex: Bitcoin open interest climbs to 675K BTC after Fed pause

  • —BTC peaked at $81,857 post-Fed, then dropped to $79,709
  • —Open interest rose to 675,000 BTC as leverage builds
  • —A break below $79,250 could spark a sharper sell-off
Why it matters: Rising open interest into a price decline raises the risk of cascading liquidations if the $79,250 support gives way.
Source: Coinfomania