📈🔍 Open Interest isn't just a random metric, it's the fuel gauge of the market. It represents the total number of open futures contracts. Rising OI signals new money entering, whether long or short, increasing conviction. Falling OI means positions are closing, reducing market participation. When BTC price rockets from $65k to $70k *and* OI climbs with it, that's robust confirmation of strong bullish momentum. However, if price is going up *while* OI is dropping, alarm bells should ring. This often means shorts are simply closing their losing positions, not new buyers stepping in. It's a key sign of a weakening uptrend. This simple divergence saved my bacon multiple times after I blew up that initial $600.
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