BTC Well, this is interesting. Price is currently moving lower while open interest has increased significantly. At the same time, however, spot buying has picked up strongly again. This suggests that new short positioning is entering the market while spot buyers are actively trying to absorb the selling pressure. We therefore have two opposing forces at play here, and it will be very interesting to see which side gives way first. If spot demand remains strong, shorts could eventually get trapped and fuel another move higher. If spot starts fading again, however, the downside likely has more room to continue.(Max Trades)