BTC Price saw a strong bounce from a key HTF support level while funding mostly stayed positive throughout the move. At the same time, open interest has slowly started increasing again after cooling off for a while, showing that leverage is beginning to build back up. Meanwhile, spot demand remains relatively weak for now, suggesting that the current move is still lacking strong spot participation. This creates a rather mixed picture overall. As long as spot demand doesn’t start picking up again, there’s still a decent chance this bounce turns into nothing more than another lower high.(Max Trades)