Yesterday: $45 million Long settlements in a single hour.

Today: $55 million Long liquidations in a single hour.

Around $3.5 billion in Open Interest evaporated in 2 days.

OI for the first time since March 2024 reaches the $14 billion range.

This level preceded the price's new ATH at $73,000

Open Interest Variation probably reaches the Extreme Fear Region or has come very close after Bitcoin's recent price movement.

Written by G a a h