Brace For Impact? Bitcoin Open Interest RSI Forms Bearish Divergence

On-chain data shows the Bitcoin open interest RSI is currently forming a pattern that can lead to a short-term correction in the asset’s value.
Bitcoin Open Interest 14-Day RSI Has Been Climbing Up Recently
As pointed out by an analyst in a CryptoQuant post, a short-term bearish correction might soon take place for BTC. The “open interest” is an indicator that measures the total amount of Bitcoin futures contracts currently open on derivative exchanges. The metric takes into ac