ETH open interest on Binance just hit a nine-month high, and whether that's bullish confirmation or leverage risk depends entirely on a detail this data alone can't answer.
Open interest climbed from around $4.8 billion in late August to roughly $6.58 billion now, a genuine acceleration through September, not a slow drift. That coincided with ETH climbing to about $2,644, price and open positions rising together.
Here's the part I'd push back on in how this usually gets framed. Rising OI along...
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$BTC Quick Short Setup ... A short term pulldown
After a sharp bullish rally, BTC is starting to show signs of a short-term pullback near $86K.
This is a quick counter-trend trade, so risk management is important.
Short Entry: Around $85,800 -$86,000
Tp1: $85,600
Tp2:$85,100
Tp2: $84,700
Final Target: $84,200
Stop Loss: $87,250
The broader momentum remains bullish, but after such an aggressive move, a correction toward $84.2K is possible before the market decides its next direction.
Short...