As of 20:44 Kyiv time
BTC is hovering near $81.4K, but inside the market something interesting is happening right now—some cleanup 🧹
Open Interest is down about 1.6% over the past hour, while buyers are still clearly stronger in the flow of trades.
So some leverage is getting unwound, but it’s not pulling the price down yet. After today’s move, it’s more like the engine is cooling off than a breakdown.
Now the interesting part is what will come back first: new OI or volatility.
#BTC #bitcoin #crypto
BTC is hovering near $81.4K, but inside the market something interesting is happening right now—some cleanup 🧹
Open Interest is down about 1.6% over the past hour, while buyers are still clearly stronger in the flow of trades.
So some leverage is getting unwound, but it’s not pulling the price down yet. After today’s move, it’s more like the engine is cooling off than a breakdown.
Now the interesting part is what will come back first: new OI or volatility.
#BTC #bitcoin #crypto