BTC open interest continues to rise despite the price showing a downward trend.
OI is now approaching its August highs, while BTC is trading significantly below the levels seen at that time.
This suggests that leverage continues to build as prices fall, and that this leverage is likely coming from short positions.
Crowd sentiment and leveraged positioning are becoming increasingly saturated to the downside.
$BTC
OI is now approaching its August highs, while BTC is trading significantly below the levels seen at that time.
This suggests that leverage continues to build as prices fall, and that this leverage is likely coming from short positions.
Crowd sentiment and leveraged positioning are becoming increasingly saturated to the downside.
$BTC
