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Next BTC Target Set At $12,000 After Futures Expiry

The expiry of the Bitcoin futures today was lackluster, both in terms of its price impact and its volume, which sets the next BTC target at $12,000 according to some analysts. Meanwhile, the crypto news today also show that open interest dropped by a mere $157 million and barely moved from the $5 billion mark. Among the cryptoverse, analysts are saying that the most recent CME Bitcoin futures expiry was quite irrelevant. In fact, around $125 million worth of August contracts were set to liquidate today but preliminary data indicates that less than $40 million were not rolled over for…

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