Eqlubrium
Time to Buy? Open Interest is Almost Like Bitcoin at 58k
Open Interest for 7 days change is under deleveraging area. What does that mean? When the OI ratio's change for 7 days down to the section, that means we can define the time to buy. Since August 2024, we have been observing one of the deepest areas in the Crypto Market. To remember, at this time (2024 Aug), Bitcoin's price was around 58 - 60k. After that, the price goes up to ~106k