PANews reported on October 3rd that according to CoinGlass data, the total open interest (OI) of Bitcoin futures contracts across the entire network hit a record high of $88.7 billion today. The Bitcoin price is currently consolidating around $120,000. The record-breaking open interest indicates excessive leverage in the derivatives market, prompting trader BitBull to predict that Bitcoin and altcoins will experience a "massive leverage liquidation" in the next 1-2 weeks. He believes that liquidations will force some traders to sell, but after that, the market will rebound and reach new highs. Other analysts have different views. Trader CrypNuevo believes the upside target is around $123,200. Meanwhile, trader Roman points to bearish divergences on the daily and weekly charts, warning of the risk of weakening momentum. CoinGlass data shows that current support liquidity is concentrated around $118,500.PANews reported on October 3rd that according to CoinGlass data, the total open interest (OI) of Bitcoin futures contracts across the entire network hit a record high of $88.7 billion today. The Bitcoin price is currently consolidating around $120,000. The record-breaking open interest indicates excessive leverage in the derivatives market, prompting trader BitBull to predict that Bitcoin and altcoins will experience a "massive leverage liquidation" in the next 1-2 weeks. He believes that liquidations will force some traders to sell, but after that, the market will rebound and reach new highs. Other analysts have different views. Trader CrypNuevo believes the upside target is around $123,200. Meanwhile, trader Roman points to bearish divergences on the daily and weekly charts, warning of the risk of weakening momentum. CoinGlass data shows that current support liquidity is concentrated around $118,500.

                                                                               Nubank Vice-Chairman Roberto Campos Neto said the bank will test stablecoin credit card payments, as adoption of stablecoins accelerates across Latin America.                     Nubank, Latin America’s largest digital bank, is reportedly planning to integrate dollar-pegged stablecoins and credit cards for payments.The move was disclosed by the bank’s vice-chairman and former governor of Brazil’s central bank, Roberto Campos Neto. Speaking at the Meridian 2025 event on Wednesday, he highlighted the importance of blockchain technology in connecting digital assets with the traditional banking system. According to local media reports, Campos Neto said Nubank intends to begin testing stablecoin payments with its credit cards as part of a broader effort to link digital assets with banking services.Read more