Everyone crying about ETH Open Interest needs a serious reality check

This isn't 2019 anymore where all you had to worry about was Binance orderflow, there are numerous different variables that now go into aggregated OI that make it really challenging to get an accurate picture

Yes, there is a shit load of OI build up, while price is up a lot, that isn't retail buying I can tell you that much, it's positioning for a much larger move(this can be long/short/hedge/basis/Ethena/etc etc etc

The setup is there, the buying is there, and price is going up with that buying

Stop overthinking it