Crypto Market Update 🚨

The recent market flush has been very healthy.

Open Interest has dropped 10%-20% from its peak, and most of them have been longs.

Also, the funding rate has become neutral or negative for almost every top 10 coins.

Looking at % supply in profit; BTC, BNB and TRX still have some downsides as their profit ratio is above 90%.

For other tokens, it seems like the seller exhaustion has reached and we could see quick bounceback.

I think the next big rally will be led by ETH.