Bitcoin Has Broken This Open Interest Pattern, Quant Explains

A quant has explained how a pattern in the Bitcoin open interest that held during the past month now appears to be broken.
Bitcoin Open Interest Is Now Moving Against The Price
As explained by an analyst in a CryptoQuant post, the BTC price had earlier been rising along with increases in the open interest. The “open interest” here refers to an indicator that measures the total amount of Bitcoin futures contracts that are currently open on all derivative exchanges.
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