The continued divergence between the concentration of open interest in $BTC and $ETH and their price movements is an anomaly—the situation may become clearer after tomorrow's opening. 🫠
What we can confirm is that whales have been steadily reducing their short positions as prices have fallen.
On the other hand, the liquidation chart shows that the bulls have not completely surrendered:
For BTC, the main long liquidation zone is around 76k;
For ETH, the main liquidation zone is concentrated between 2290 and 2260.
Stay tuned!
Click here to read real trading strategies: