Coinworld News: On March 20, CoinGlass published an article stating, "During yesterday's decline, Bitcoin's open interest (OI) actually increased as prices fell, indicating that short positions were significantly adding to their holdings, forming a relatively clean wave of short position building. This price movement ultimately touched around $68,750. Currently, prices are showing a rebound, but OI has shown almost no significant change, which typically means this rebound is not being driven by new long positions. Therefore, the current situation appears more like range-bound oscillation rather than a clear trend reversal. Moving forward, attention should be focused on Bitcoin price movements and OI changes."

BTC-0.02%
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