⚔️ $STRK is bouncing back — but the leverage isn't following
STRK surged more than 50% earlier this week, then suffered a brutal reversal
This morning, it was down nearly 23% on its 24H reading
Now it's trading near $0.088, with that decline narrowing to around 5%
📉 But here's what caught my attention
Binance Futures open interest has fallen from roughly 417M to 402M STRK over the last 11 hours
Funding remains slightly positive at +0.0036%, while top-trader positions are still about 58% long
Price has bounced, but leverage is still coming out of the market
That doesn't automatically make the bounce weak — reducing excess leverage can actually help stabilize price
👀 I'm watching the $0.082 low first
If $STRK holds that area and starts reclaiming $0.0995 with OI rebuilding, the recovery case becomes more interesting
But if price rolls over while OI keeps shrinking, this could be another relief bounce rather than a sustainable reversal
⚠️ A falling OI number doesn't tell you who won the trade
After a violent pump and an equally violent unwind, I'd rather wait for price and positioning to agree
#STARKNET #cryptotrading
STRK surged more than 50% earlier this week, then suffered a brutal reversal
This morning, it was down nearly 23% on its 24H reading
Now it's trading near $0.088, with that decline narrowing to around 5%
📉 But here's what caught my attention
Binance Futures open interest has fallen from roughly 417M to 402M STRK over the last 11 hours
Funding remains slightly positive at +0.0036%, while top-trader positions are still about 58% long
Price has bounced, but leverage is still coming out of the market
That doesn't automatically make the bounce weak — reducing excess leverage can actually help stabilize price
👀 I'm watching the $0.082 low first
If $STRK holds that area and starts reclaiming $0.0995 with OI rebuilding, the recovery case becomes more interesting
But if price rolls over while OI keeps shrinking, this could be another relief bounce rather than a sustainable reversal
⚠️ A falling OI number doesn't tell you who won the trade
After a violent pump and an equally violent unwind, I'd rather wait for price and positioning to agree
#STARKNET #cryptotrading