Bitcoin Is Flowing Into US Platforms: Here’s What Happened Last Time
Summary
US-based Bitcoin platforms are seeing a rise in dominance compared to offshore ones, possibly indicating a shift in interest. Similar trends preceded major bull runs in 2017 and 2021. The recent increase in the dominance ratio suggests a potential upcoming bull run. Additionally, over $173 million in cryptocurrency contracts were liquidated in the last 24 hours, with over $148 million from long positions. Bitcoin briefly dropped below $66,000 but has since recovered to around $66,600.
