In recent weeks, Bitcoin's repeated hovering in the 8xK range has left many investors feeling anxious. While the market's attention is focused on the standstill in prices, the weighted open interest index has quietly staged a lively dance. From the end of September until now, there have been a few brief drops below 90K in a 'free fall,' but overall, it has maintained a low-level sideways trend. The green area representing the weighted open interest has accelerated its expansion by the end of November, and by mid-December, it has climbed to an astonishing height.
In the cryptocurrency market, the divergence between price and open interest often hides key signals. Generally, a significant increase in open interest indicates a rise in market participation, with funds accelerating their entry into positions. Currently, with Bitcoin's price 'quiet as a maiden,' the contrast with the 'fiery enthusiasm' of open interest is a direct manifestation of the fierce struggle between bulls and bears. The previous several 'washout' attempts in mid-October and late November (marked by bright red squares) have effectively cleared floating chips in the market, reducing resistance to further trend advancement. For investors, it is unnecessary to be swayed by the anxious emotions of short-term sideways movements; instead, they should pay attention to the breakthrough signals behind this divergence and patiently wait for the market to provide a clear direction. @男神说币 #比特币流动性 $BTC
