Perpetual contract OI rises to $160 billion, a new 11-month high.
Leverage has been piled up again, and the market thinks it can do it once more. In times like this, don’t follow the crowd. The higher the OI, the easier it is to see a major sudden spike or dip. When the direction is unclear, don’t go all-in and gamble.
Either wait for the liquidation wave to come through before entering, or just watch from the sidelines.
$BTC #contract
Leverage has been piled up again, and the market thinks it can do it once more. In times like this, don’t follow the crowd. The higher the OI, the easier it is to see a major sudden spike or dip. When the direction is unclear, don’t go all-in and gamble.
Either wait for the liquidation wave to come through before entering, or just watch from the sidelines.
$BTC #contract
