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Weak BTC DemandCoinGape
•Business
Business & Economics
66% Informative
Bitcoin price bounced past $ 98,000 on Thursday in a rally attributed to leverage after open interest surged by 7.2% in 24 hours to $2.4 billion .
Bitcoin 's demand has also dropped significantly as traders react to inflation fears and bearish news such as the upcoming FTX repayments.
Bitcoin price has faced three consecutive rejections in its attempt to break out of a descending trendline.
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