As cryptocurrency markets experience a resurgence in prices, traders are showing increased confidence and a willingness to take on more risk. One of the key indicators of this growing market sentiment is the surge in open interest, especially in the case of Bitcoin, which has seen a remarkable $922 million increase in open interest in just the past week. While this trend is indicative of a positive shift in trader sentiment, it also raises concerns about the potential for “Fear of Missing Out” (FOMO) behavior. 🤑 Higher #crypto prices means more room for traders to take risks. More future and
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