$BTC — Compression With Rising Participation
Price is not moving much — but participation is.
That’s the part most people miss.
Open Interest has been building steadily while price stays capped around the same range.
This tells us one thing clearly: positions are being added, not closed.
Now zoom out:
• Price is sitting below the declining MA(99) → higher-timeframe pressure still exists
• RSI is neutral → no exhaustion yet
• No impulsive rejection, no breakout → compression phase
This is not a signal.
This is pre-movement behavior.
What to watch next:
• Expansion with price → continuation attempt
• OI spike without price → crowded side, vulnerable to squeeze
• Sharp OI drop → reset, failed attempt
The market is loading information, not giving answers yet.
Direction will come from who blinks first.
Stay focused. Read participation, not candles.
#BTC #OpenInterest #MarketStructure #CryptoTrading #RiskFirst