BTC This is actually insane. While price continues to trend lower, open interest is rising again and funding rates have flipped back into positive territory. At the same time, spot CVD remains heavily negative, showing that spot participants are still selling aggressively. This suggests that longs are becoming increasingly aggressive despite the market still showing weakness overall. That’s usually not a healthy combination, especially when spot demand continues to move in the opposite direction. As long as open interest keeps rising while spot selling persists, the risk of another move lower remains elevated.(Max Trades)