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ICP
dropped further lower and back to the support area as mentioned. Price kinda having a rejection and but market is still bearish movement. Wait for the sell-pressure to settle down and buy after the LTF breakout.
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What is OI? 🛫 Open Interest (OI) represents the total number of outstanding futures or options contracts that haven’t been settled yet 🕯 For each buyer of a futures contract there must be a seller. From the time the buyer or seller opens the contract until the counter-party closes it, that contract is considered 'open'. ↗️ Right now, Bitcoin-denominated open Interest (orange line) sits lower than in the last bull run, revealing more subdued leverage usage. 👀 Traders appear cautious, entering fewer high-risk futures bets. This signals a shift from peak speculation toward steadier, possibly more institutional-driven activity. This more balanced stance can reduce the likelihood of sudden price collapses driven by mass liquidations (like last time in 2022) 🐻 #FAQ $AGLD $FIS $CVC
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