The Open Interest (OI) rose significantly yesterday on the news of HK ETF being approved. This is likely due to retail traders longing BTC with leverage. Spot selling led to a 5% drop in price but OI still remains elevated. This usually means price will go further down for a flush out.
Next technical demand zone is 56k. Order books have high demand there also. We will likely see a flush down to those levels soon.
Next technical demand zone is 56k. Order books have high demand there also. We will likely see a flush down to those levels soon.