Rising Prices

According to reports, according to data disclosed by blockchain analysis company Glassnode, Bitcoin open position contracts peaked in October 2022, when approximately 667000 BTCs were allocated to open position contracts. However, currently, approximately 368000 Bitcoins are allocated to Bitcoin open position contracts, which means that approximately 300000 BTCs have been reduced since October 2022. In addition, in the past two weeks, the price of Bitcoin has risen from $19000 to $26000, with open positions falling by about 15% during the period, similar to the level at the beginning of 2022, indicating that spot Bitcoin is accumulating, which is also a relatively healthy state. Data: Since the peak in October 2022, about 300000 BTCs in Bitcoin open positions have been closed Analysis based on this information:The message highlights the decline in Bitcoin open position contracts and the increase in spot Bitcoin accumulation. According to blockchain analysis company Glassnode, the peak of Bitcoin open position contracts was observed in October 2022, with…