🔎 Bitcoin’s August rise revealed something different: the sellers funded the rally!
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📰 It rose $BTC by 24.6% over 5 days, but open interest fell by 12.6%. According to Glassnode and Bybit, short positions accounted for 89% of every dollar liquidated, indicating that short-liquidation pressure was the main driver of the upmove—not a new wave of fresh buy bets.
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⬡ LEGENDARY_007 #LEGENDARY_007
$BTC
━━━━━━━
📰 It rose $BTC by 24.6% over 5 days, but open interest fell by 12.6%. According to Glassnode and Bybit, short positions accounted for 89% of every dollar liquidated, indicating that short-liquidation pressure was the main driver of the upmove—not a new wave of fresh buy bets.
━━━━━━━
📍 Did you like the content? Like and follow
⬡ LEGENDARY_007 #LEGENDARY_007
$BTC
