maartunn
BTC Open Interest jumped +1.5B in just a few hours
BTC Open Interest: the sum of all open positions (including both long and short positions) currently on a derivative exchange's trading pairs. That Open Interest jumped from 12B to 13.6B in just a few hours. This is not perse bullish or bearish because it's included longs and shorts, but the last two times it happend, there was a quick retrace. Please note that that the incease this time is much steeper as it was back then. Obviously, it doesn't mean that price has to retrace this time, but it is something to keep in mind đ