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no one’s talking about this… Ethereum’s open interest nosedive signals a potential reset phase, are we about to witness a major market shift?!
wait so is ethereum going to the moon or crashing to earth 🌕📉? what’s with all this OI depletion drama now
ethereum’s high timeframe open interest breakdown reflects a significant market reset: the leverage massacre aftermath led to a sharp decline in open interest amid a futures sell-off
Ethereum’s long-term structure shows the aftermath of the leverage massacre. Open Interest plummeted due to a widespread futures market sell-off. Now, recovery depends on whether spot demand can compensate for the collapse of IO. Recent volatility highlights the need to assess crypto asset health. Daan Crypto Trades’ analysis of Ethereum’s long-term chart focuses on Open Interest (OI) depletion and its impact on ETH. The OI levels now resemble those seen when ETH was at $3,000, a positive sign according to Daan.
Ethereum High Timeframe Open Interest Breakdown Confirms Market Reset Phase – What It Means
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