$BTC open interest hitting extreme levels again. Last time OI spiked this high during a downtrend, we got a 40% rally.
Not turning bearish here. The setup rhymes too well with the last bounce. High OI in a pullback = fuel for the next leg if we hold support.
Watch for a squeeze if buyers step in. Invalidation is a clean break below recent range lows.
Not turning bearish here. The setup rhymes too well with the last bounce. High OI in a pullback = fuel for the next leg if we hold support.
Watch for a squeeze if buyers step in. Invalidation is a clean break below recent range lows.
