OI is rising, and the bulls and bears are starting to continue their struggle. The rate has turned positive, and the bulls are providing fuel again. Currently, the total delta for the bears is still around -1.5 billion, with a recent maximum of -4 billion. The -1.5B level feels like it hasn't ended yet. There is significant liquidity below 74.5k. Spot selling is still ongoing. The slow decline continues without a final volume breakout, so I don't want to take action now. I'll keep monitoring the model. Considering the possibility of a support break and rebound at the previous low before 74.5k, if it holds back up.
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OI is rising, and the bulls and bears are starting to continue their struggle. The rate has turned positive, and the bulls are providing fuel again. Currently, the total delta for the bears is still around -1.5 billion, with a recent maximum of -4 billion. The -1.5B level feels like it hasn't ended yet. There is significant liquidity below 74.5k. Spot selling is still ongoing. The slow decline continues without a final volume breakout, so I don't want to take action now. I'll keep monitoring the model. Considering the possibility of a support break and rebound at the previous low before 74.5k, if it holds back up.