Bitcoin positioning: OI at yearly high, bearish and bullish setups
BTC open interest is at its highest of the year, with a long-liquidation cluster below price. Traders are split between shorts and a $100k year-end target.
What we know
An account on X flags yearly-high open interest. Another account on X sees a mega long-liquidation cluster just below price, while keeping a $100k EOY target. Another account on X is still holding half his short, having closed more around 76k. Another account on X bought gold and expects a delayed BTC retest of lows.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.