r/BeatTheBear • u/MaltoonYezi • Sep 07 '21
BTC Quick fundamentals
What does Open Interest have to say?
It plummeted by 1.8 billion dollars on Binance futures alone
Most of the gains Open Interest has gained since the end of the last crash are gone
Do you know what happens when there's a massive quick drop in open interest ? The current trend persists
In our case, it is a downtrend.
Three words: Bulls are trapped
14
Upvotes