$BTC 📈 The number of aggressive longs that caught this low is crazy. We saw an extreme build-up in Open Interest across venues right at the lows, driven mainly by aggressive new longs entering the market, without any spot support so far! That makes the current low extremely weak, with plenty of stops and fresh liquidity resting underneath it. There is a very high chance those longs will not survive for long. Ideally, we get a push into $63,400 (mVWAP): From there, I’ll watch the reaction and look for confirmation to short back toward the current low. https://t.co/WLzAJBcAzO
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