In the ever-evolving landscape of cryptocurrency trading, Bitcoin often serves as a beacon, reflecting broader market sentiment through its dynamic price movements and trading metrics. Today, let's explore the intricacies of Bitcoin's market dynamics by dissecting Open Interest (OI), funding rates, liquidations, and long/short ratios—using current data as our live...
BYBIT:BTCUSD
I was in 3 long trades as Bitcoin dumped on the 26th of May 2022.
I had 2 choices. Close my longs because I saw price dumping below my entry
or
look at what Open interest was telling me to determine if this was a fakeout.
I saw price dropping as OI was dropping. This meant that longs were closing out their positions, which means that when this...
