Futures volume jumped 51 percent while open interest fell, and that combination tells a clear story. 📊
CoinDesk reported on 3 November that crypto futures trading volume gained 51 percent in 24 hours to 168.1 billion dollars, while open interest fell 1.63 percent to 134.9 billion dollars. 💥 My reading is that volume up and open interest down together means traders are closing, liquidating and churning positions, not opening fresh confident longs. In a fear 26 market that pattern usually comes before a real direction, not during one, because the weak hands are being shaken out while the patient money waits for a level, 76,303 below or 78,120 above, to break cleanly.
Is the volume spike traders repositioning for the election, or just forced selling clearing out? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #Derivatives
CoinDesk reported on 3 November that crypto futures trading volume gained 51 percent in 24 hours to 168.1 billion dollars, while open interest fell 1.63 percent to 134.9 billion dollars. 💥 My reading is that volume up and open interest down together means traders are closing, liquidating and churning positions, not opening fresh confident longs. In a fear 26 market that pattern usually comes before a real direction, not during one, because the weak hands are being shaken out while the patient money waits for a level, 76,303 below or 78,120 above, to break cleanly.
Is the volume spike traders repositioning for the election, or just forced selling clearing out? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #Derivatives
