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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