TariqDabil2022-12-03

Open interest Drawbacks.

Current bear market experienced three OI drawbacks where BTC price dropped heavily each time. whats important to note that 1. each drawback is aligned with local bottoms as shown in the chart. 2. each time, there is consolidation to the uptrend until big thing happens E.g: Luna, FTX collapse. This is i believe no difference therefore we might face some time of volatility in the same range until we pass the 18k levels again, as feds are easing up and fear is at its proximate, as well as other metrics showing bottom signs.