$BICO Heatmap & OI Update
Current Price: $0.0237
Open Interest: ~$14 Million
The Tape: The floor has been swept.
Longs are entirely wiped out. Meanwhile, overhead supply is absolutely packed with short liquidation triggers.
When OI is this heavy and entirely one-sided, a mean reversion targets those stops.
There is zero friction below and a massive liquidity magnet above. Watch for the bounce.
Current Price: $0.0237
Open Interest: ~$14 Million
The Tape: The floor has been swept.
Longs are entirely wiped out. Meanwhile, overhead supply is absolutely packed with short liquidation triggers.
When OI is this heavy and entirely one-sided, a mean reversion targets those stops.
There is zero friction below and a massive liquidity magnet above. Watch for the bounce.
