OI / open interest dropped 40% = leverage wiped out. Leverage wiped out = downward momentum cut off. 80,000 is the support line, basically unbreakable without external force. For example, if Satoshi's wallet moves. So testing 80,000 = picking up chips.
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BTC's structure is completely fine.
OI / open interest dropped 40% = leverage wiped out.
Leverage wiped out = downward momentum cut off.
80,000 is the support line, basically unbreakable without external force.
For example, if Satoshi's wallet moves.
So testing 80,000 = picking up chips.