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Bitcoin May Squeeze Higher as Retail Interest Subsides: Analysts

On-chain metrics like the “paper hands” ratio from Glassnode suggest a bottom could be nearing, one analyst said.

Updated May 11, 2023, 5:26 p.m. Published Jan 5, 2022, 11:18 a.m.
Chart showing a pick up in BTC-denominated open interest and neutral-to-negative funding rates (Arcane Research, Glassnode)
Chart showing a pick up in BTC-denominated open interest and neutral-to-negative funding rates (Arcane Research, Glassnode)