Yea it's interesting for sure. A relatively massive amount of BTC liquidations on this move down, getting close to rivaling October 10th, but OI actually trending up and significantly higher than the last time we were trading at our local range lows. Funding has also been generally positive and spot premium also declining since our local highs. OI here is measured in "coins" but if you measure it in dollars it has decreased by about 20% which is the same amount that price has dropped from our range highs to our lows- which implies that there hasn't really been any major decrease in positioning, despite the significant liquidations. All seems to suggest longs continued piling into Bitcoin to replace those getting liquidated during the move from our range highs to our range lows which was primarily caused by aggressive spot selling. The one positive thing to note is that funding over the last couple of days has dropped significantly which could indicate spot sellers tapering off or aggressive short sellers jumping in at our range lows. Either is a good sign for bulls but will have to see how this data develops in the coming days.(CrediBULL Crypto)