📉 Bitcoin ($BTC ) Open Interest Drops 9.8% From October Peak
Bitcoin open interest has declined 9.8% from its October high, accompanied by elevated long liquidations across the 12-hour perpetual futures market.
Meanwhile, short positioning has steadily increased over the past three weeks, signaling a shift in market sentiment.
The positioning landscape is changing, but a clear directional confirmation is still missing. Traders should remain cautious as the market looks for its next move.
$MITO #JobsReportRaisesHikeOdds
$MET #CPITestsDecemberRateOutlook
Bitcoin open interest has declined 9.8% from its October high, accompanied by elevated long liquidations across the 12-hour perpetual futures market.
Meanwhile, short positioning has steadily increased over the past three weeks, signaling a shift in market sentiment.
The positioning landscape is changing, but a clear directional confirmation is still missing. Traders should remain cautious as the market looks for its next move.
$MITO #JobsReportRaisesHikeOdds
$MET #CPITestsDecemberRateOutlook
