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Open Interest Trap & Key Levels to Watch
Once again, as soon as #OpenInterest (OI) started accumulating, price dropped—trapping longs. Price then returned to the psychological "breakeven" level, leading to an OI decline as trapped longs likely exited near breakeven.
Ideally, flipping the 95,600-95,900 range into support could open the door for a move toward 99,600-99,900.
#Bitcoin #BTC