Will Bitcoin Rebound This Week

[Natalim]

According to data from the Coinglass platform, the current open positions in Bitcoin futures contracts have reached $17.582 billion.  CME holds the largest share at $4.769 billion, followed by Binance at $4.151 billion, and Bybit at $3.199 billion.  The substantial open interest across these platforms suggests significant market activity. So will Bitcoin rebound this week?

Don't look at the share OP as it doesn't influence the price movement of Bitcoin but rather understand what the volatility means.
You may be asking rebound this week. The answer is uncertain but surely we have that rebound only the fact that we don't know when it comes. The halving event is on its way, we can be optimistic about its results because that is what we experienced last halving. That is why we don't have anything to worry about the current dump, it won't dump badly like another bearish season. Hold and wait for the market recovery (or just grab some), we never incur losses as long as we never sell any.

[JollyGood]

There is no conspiracy, it would be difficult for an single entity to manipulate the price as a rule for ETF approval. If there was some form of collusion between whales and/or investors, it might be possible but the way this looks it seems more to do with people rejecting investing after the ETF news was released. Exactly how the price has fallen to where it is (after the announcement many people had been waiting for), is difficult to understand.

Likely less impact with ETF bitcoin approval since announced bitcoin price drastically drop and very difficult stable on higher price, I don't sure are there any manipulation behind with ETF approval because bitcoin stuck with lower price after approving.

[Promocodeudo]

According to data from the Coinglass platform, the current open positions in Bitcoin futures contracts have reached $17.582 billion.  CME holds the largest share at $4.769 billion, followed by Binance at $4.151 billion, and Bybit at $3.199 billion.  The substantial open interest across these platforms suggests significant market activity. So will Bitcoin rebound this week?

For now the issue of rebound is left for the market force to decide, anything more than that is either mere prediction or market speculation which is not healthy for a bitcoiner, people were expecting the price to go up when the news of ETF approval break out but it was a different case, after the approval a week later the price went down for a reason I don't know, but may be some investors has started thinking that Bitcoin might reach the level of being controlled by government which no one can tell for now, but I know for certain that there is something fishy which might unfold itself very soon, we keep watching to see.

[ultrloa]

According to data from the Coinglass platform, the current open positions in Bitcoin futures contracts have reached $17.582 billion.  CME holds the largest share at $4.769 billion, followed by Binance at $4.151 billion, and Bybit at $3.199 billion.  The substantial open interest across these platforms suggests significant market activity. So will Bitcoin rebound this week?

For now the issue of rebound is left for the market force to decide, anything more than that is either mere prediction or market speculation which is not healthy for a bitcoiner, people were expecting the price to go up when the news of ETF approval break out but it was a different case, after the approval a week later the price went down for a reason I don't know, but may be some investors has started thinking that Bitcoin might reach the level of being controlled by government which no one can tell for now, but I know for certain that there is something fishy which might unfold itself very soon, we keep watching to see.

That indicate that we can't expect any good reaction for the price of bitcoin if there's certain big news happened to it and that ETF approval but result is not we expect to happen tells that all. So maybe we should not expect any more than that since provably there are just entity trying to hype up the situation and they want be the first to sell bitcoin at the top. We can also add some controversy which contribute its dump so we can't really easily feed up and always look at the current event so we can secure a profit if we want to sell.

For now still monitoring how far it can go since eventhough we experience this I would like to accumulate if I see enough dump occurs in the market.

[fuguebtc]

According to data from the Coinglass platform, the current open positions in Bitcoin futures contracts have reached $17.582 billion.  CME holds the largest share at $4.769 billion, followed by Binance at $4.151 billion, and Bybit at $3.199 billion.  The substantial open interest across these platforms suggests significant market activity. So will Bitcoin rebound this week?

Don't look at the share OP as it doesn't influence the price movement of Bitcoin but rather understand what the volatility means.
You may be asking rebound this week. The answer is uncertain but surely we have that rebound only the fact that we don't know when it comes. The halving event is on its way, we can be optimistic about its results because that is what we experienced last halving. That is why we don't have anything to worry about the current dump, it won't dump badly like another bearish season. Hold and wait for the market recovery (or just grab some), we never incur losses as long as we never sell any.

If we look at the long term, bitcoin has only one trend: always increasing, but what people want is quick profits in the short term, so people only always ask questions and pay attention to its fluctuations in the short term . But unfortunately, no one knows whether bitcoin will increase or decrease tomorrow, let alone next week or next month .

Bitcoin has been on a steady rise for the last 2 or 3 months of 2023, and the bitcoin correction in January 2024 was not too surprising . Many people are very disappointed because they thought the ETFs was some big thing and that it would positively impact the price of bitcoin . But unfortunately things did not go as expected and they began to blame the ETFs for this decline.

[Y3shot]

Even if this week there will be a recovery our target is still quite far away and there is no target other than  trying to buy every week in a position that is still profitable. Because in my opinion whether this week rebound is significant or not depends on the situation and the impact of the news produced by the media. I said last week and next week we will still be in a saturated  position seeing the market move down. Even more aggressive  markets show high selling pressure activity and this lends  itself to our DCA activity.

I think we shouldn't be in rush for the price of bitcoin to increase, this is an opportunity to accumulate Bitcoin. When the price was increasing some weeks ago some people were worried for the mistake of not investing when the price was lower than what it used to be before. This is a time for people to invest more for the bull market,  the price of bitcoin will definitely increase and I don't see why their should be panic or rush to know when the price of bitcoin to increase,  bitcoin is unpredicted and know one can tell when exactly the price will increase but it will surely increase, no need for pressure.