CryptoQuant data shows #BTC derivatives open interest has dropped about 30% from its October high, signaling broad deleveraging.
Historically, sharp OI declines often mark major bottoms and support rebounds. The current price rise alongside falling OI suggests short covering rather than excessive leverage, though Greeks Live notes the market has yet to enter a structurally bullish phase.
#CryptoMarkets #Bitcoin
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ANALYSE : L'INTÉRÊT OUVERT SUR BITCOIN DIMINUE DE 30 % PAR RAPPORT AU SOMMET D'OCTOBRE, PREPARANT LE TERRAIN POUR UN REBONDAISSON HAUSSIER
CryptoQuant data shows #BTC derivatives open interest has dropped about 30% from its October high, signaling broad deleveraging. Historically, sharp OI declines often mark major bottoms and support rebounds. The current price rise alongside falling OI suggests short covering rather than excessive leverage, though Greeks Live notes the market has yet to enter a structurally bullish phase. #CryptoMarkets #Bitcoin