Bitcoin reached a price of over $61,000 before the U.S. market open on Tuesday, accompanied by an increase in trading volume on Binance. However, this surge could indicate a short-term peak for BTC, as similar volume patterns on Binance in the past have preceded a drop in bitcoin's price. The spike in trading activity on Binance hints at market volatility rather than sustained upward momentum. Traders seem to be taking advantage of these price increases to sell off bitcoin at higher prices. Additionally, futures open interest saw a significant increase, indicating new money entering the market and potentially adding risk and volatility in the near term.



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