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Bitcoin futures open interest, which had been declining in October, is rising again, raising the risk of cascading liquidations, according to AMBCrypto.
The outlet said BTC futures open interest rose 8.04% over the past 24 hours to $27.12 billion. It added that higher leverage could fuel further price gains, but it also increases the risk of forced-liquidation losses if the market moves in the opposite direction. Persistent buying could support additional upside, while worsening investor sentiment could trigger a chain of forced liquidations and a steeper price decline.