🔴 #Bitcoin Creeping up into that $8.7-$9.1B total Open Interest region again

🔴 #Bitcoin Creeping up into that $8.7-$9.1B total Open Interest region again where we've seen squeezes occur the past few weeks.

Almost every time it went like:

Short squeeze -> Longs ape in -> Spot starts selling off -> Longs get squeezed and the bulk of the move retraces.