Big Spike in Open Interest – But Is the Market Really Bullish.
📈 Open interest just saw its biggest 24-hour jump in a long time! But before you get too excited... ⚠️
An analyst from CryptoQuant points out that in strong bull runs (like Nov-Dec 2024), open interest surged with spot prices – by 16% and 15%.
This time? Open interest is up, but prices only climbed 4.2%. 🤔
What does that mean?
It could be a sign that selling pressure is still strong 💥 and this rally might not last.
Are we looking at another fakeout? 🧠 Stay alert. 👀
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