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This metric tells you whether the #البيتكوين move is real or just noise.
Most people look at price first. That's natural, but price alone doesn't tell you why the move is happening.
Open interest is what tells you.
When #Bitcoin is sold at a high price and open interest drops along with it, as we see here, it usually means futures positions are being closed. Leverage is being flushed out of the system. Traders are being wiped out or are stepping aside. Spot holders aren't rushing to exit.
That's an important difference.
Real selling looks different. You see price dropping while open interest stays high or even rises. That’s distribution.
Fragile moves are rallies where both price and open interest rise. That's leverage chasing momentum. It looks bullish on the surface, but rarely holds up without a reset.
Open interest isn’t a crystal ball—it’s a truth detector.
It tells you whether the market is moving because of derivatives, or if it’s actually being driven by real money trading.
#BTC86kJPShock #USChinaDeal #FOMCWatch
$BTC
$XRP
$SOL