Bitcoin sees a $1,300 daily candle, but a $1 billion surge in open interest sparks concern over BTC price strength at new levels.
Bitcoin (BTC) held around 3% higher on Feb. 8 as crypto markets teased some much-needed upside.
Data from Cointelegraph Markets Pro and TradingView showed BTC price action focusing on $44,700.
The largest cryptocurrency spiked to $44,766 on Bitstamp after the Feb. 7 daily close, marking its highest levels in nearly a month.
