Market Wrap: Bitcoin Range-Bound as Traders Expect Strong November

Market Wrap: Bitcoin Range-Bound as Traders Expect Strong November
Bitcoin has traded in a tight range over the past few days. It appears that extreme bullish sentiment is starting to cool after BTC reached its all-time high of around $66,900 two weeks ago. For now, traders are gearing up for a strong November and expect positive crypto returns heading into the end of the year.Still, some analysts see room for a slight pullback as open interest rises in the bitcoin futures market. “[Rising open interest] is typically a bearish signal as it means there is more leverage in the system – this increases the chance of a liquidation event…