The open interest (Open Interest) in Bitcoin has decreased by 31%, with traders drastically reducing their leverage, according to CryptoQuant.
This type of decline in Open Interest usually occurs when weaker investors are eliminated. Historically, similar conditions tend to appear near market bottoms, not tops 🤔
Less leverage = cleaner structure.
Now, let's observe the price reaction and volume for confirmation.
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The open interest (Open Interest) in Bitcoin has decreased by 31%, with traders drastically reducing their leverage, according to CryptoQuant.
This type of decline in Open Interest usually occurs when weaker investors are eliminated. Historically, similar conditions tend to appear near market bottoms, not tops 🤔
Less leverage = cleaner structure.
Now, let's observe the price reaction and volume for confirmation.