The key difference between yesterday’s BTC bounce and today’s is open interest. Yesterday, we saw an OI unwind, which allowed price to push higher as shorts covered. Today, we added a ton of OI mostly aggressive leveraged longs jumping the bounce. No real OI flush yet → market
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The key difference between yesterday’s BTC bounce and today’s is open interest. Yesterday, we saw an OI unwind, which allowed price to push higher as shorts covered. Today, we added a ton of OI mostly aggressive leveraged longs jumping the bounce. No real OI flush yet → market