This indicator has accurately marked all key bottoms of Bitcoin.
Change in open interest over 30 days:
• +40–60% → the market is at highs
• −15–25% → bottom formation
📍 Current: −15%.
This means one thing — the market has completely cleared excess leverage.
A reset has occurred, after which new impulses have historically begun.
📉 Long positions have been liquidated.
📈 The foundation for the next movement is laid.
