Bitcoin’s open interest (OI) is currently experiencing a significant decline. After the crash on October 10th, OI had increased as traders took new positions, but now many of those positions are being closed out.
The market has seen heightened volatility on both the long and short sides, which is accelerating this unwinding process.
This fluctuation is creating uncertainty, making it difficult for Bitcoin to establish a clear trend. In my view, until open interest fully resets and positions stabilize, BTC is likely to remain range-bound or indecisive. Traders should monitor OI levels closely before expecting a definitive move.
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Bitcoin’s open interest (OI) is currently experiencing a significant decline. After the crash on October 10th, OI had increased as traders took new positions, but now many of those positions are being closed out.
The market has seen heightened volatility on both the long and short sides, which is accelerating this unwinding process.
This fluctuation is creating uncertainty, making it difficult for Bitcoin to establish a clear trend. In my view, until open interest fully resets and positions stabilize, BTC is likely to remain range-bound or indecisive. Traders should monitor OI levels closely before expecting a definitive move.
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