Bitcoin Bottom Not In Yet? Analyst Sees Higher Odds Of Drop Below $61K

Bitcoin’s derivatives market has yet to fully heal from a violent shakeout last October, when roughly 71,000 BTC worth around $11 billion was wiped from open interest across major exchanges. Total open interest has not recovered to pre-event levels, leaving a gap of more than 24,000 BTC that signals many traders are still sitting on the sidelines. Related Reading: Bitcoin Faces Prolonged Dow