Crypto Market Analysis: With the recent dip in Bitcoin's price, many investors and traders are wondering if the bullish trend is over. However, data from Bitcoin futures markets seem to suggest that the bulls are ready to take back control and push BTC price back above $100,000. BTC Futures Market Data: According to CME Group's Bitcoin futures data, the open interest for the June contract has reached an all-time high of over $1 billion. This indicates a strong demand for Bitcoin futures, with investors looking to buy in at current levels. Additionally, the number of large open interest holders (traders with 25 or more contracts) has also reached a new record high, further signaling bullish sentiment. BTC Price Correlation with Traditional Markets: Another factor that could support a bullish outlook for Bitcoin is its recent decoupling from traditional markets. Throughout the pandemic, Bitcoin's price has closely follo...
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