Bitcoin made an impulsive surge up to $88K, but open interest has not slowed down — above $103 billion. At the same time, volumes remain high — $144.96B. This indicates a continuing market overload. The ship is overloaded with longs, and the deck is slippery: any tilt can wash away the extra passengers.

We are approaching a moment of truth. Such a price spike with high OI is not always a sign of strength. Often, it is a trap: the market maker lures liquidity higher, only to then abruptly lower the sails. If there is no consolidation above $88K–$89K, we may be facing a corrective storm.

In such moments, the key is to remain calm. #bitcoin #Arbitrage