Last cycle’s real bottom came when Open Interest was wiped out — leverage crushed, speculation reset. Bottoms form when excess positioning is gone, not when price looks cheap. We’ve seen a flush… but the true bottom usually comes after speculation is fully cleared.
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$BTC Update
Last cycle’s real bottom came when Open Interest was wiped out — leverage crushed, speculation reset.
Bottoms form when excess positioning is gone, not when price looks cheap.
We’ve seen a flush… but the true bottom usually comes after speculation is fully cleared.