<🚨BTC Volatility Decreased due to the recent plunge/surge: Be aware of short-term positioning>

BTC-Volatility-Decreased-due-to-the-recent-plungesurge-Be-aware-of-short-term-po

About 13-14 hrs ago, the BTC drop and the resulting Long Squeeze led to a sharp drop.
It was a temporary oversold situation, and the market recovered and rose again. However, this led to the second largest (third after FTX) long liquidation🟩 in 2023.

The Funding Rate🟠 has returned to around 0 (0.003), and the open interest 🟣 has also decreased, and there is currently no significant increase.

📢 In the short term, the volatility of BTC has decreased, and we need to be careful about setting positions.

⚠️ It is possible that Smart Money realized profits by buying BTC that fell sharply and then selling it when it recovered. Note the reduced upside potential due to exhaustion of buying pressure.