BTC This is not what strength looks like. Price is currently slowly grinding lower while spot keeps selling throughout this move. At the same time, open interest has started to increase again, showing that additional leverage is entering the market. This suggests that the move lower isn’t just being caused by existing positions closing, but that new positions are being added while spot continues to sell. As long as spot demand doesn’t start picking up again, I believe the chances of another continuation lower remain high.(Max Trades)