Bitcoin futures net open interest hits a new low, prices may maintain or trigger short positions.

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On July 25, analyst Axel from a data analysis platform stated on social media that the futures net open interest (OI Net Position) has currently big dump to deep negative territory, breaking the 100 million USD threshold (creating the highest bearish pressure level since early July).

Nevertheless, the price of Bitcoin remains around $115,000, indicating that buyers are partially absorbing the selling pressure. Such an extreme divergence in open interest might become a catalyst for a short squeeze when prices continue to rebound, but as long as the open contracts remain within the maximum bearish pressure range, the risk of further declines still exists.

BTC0.89%
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ImpermanentPhilosophervip
· 07-25 07:08
Short Position就是go long机会
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