Dear friends, let me share an important observation from the open interest chart 👇

Every time we've seen the Open Interest Delta drop significantly over the past 180 days, it was followed by either

🔻 Intense liquidations shaking the market (or) 🔄 A quiet accumulation phase where whales start to enter from under the table.

📍 What happened in October 2023 and October 2024 is not a coincidence:

🔹 The index contracted

🔹 Open interest decreased

Then there was a clear reversal in price.

📍 And today?

The index is on the edge, just above zero, and if it drops below? We might officially have entered a new accumulation phase.

This means, for those with a long-term perspective, they know that these periods of calm do not last long… usually followed by significant movement.

Are we at the beginning of a new scenario?

Or is there one last push before the launch?

Share your opinion, my friend 👇