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