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Bitmex OI pullback

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#1
We kinda needed this, so I don't worry about the sudden dump. When it calms down, I'll watch for the entry point.


BTC is falling down with an insane funding level, even higher than during the whole move up to 10k! It's really juicy to keep a short position right now!

However, the real crucial level is just above $9600. If we really want to lower the open interest, the price should cross that grey box on the chart. The 1-5 Elliott cycle will be broken and a lot of people will get scared and sell. Otherwise OI will continue to rise and be an unpredictable nuclear bomb ?
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