BTC This is not looking good. Spot is selling, perps are selling, and price keeps grinding lower. Open interest has also seen a significant flush, while Futures CVD continues to decline, suggesting that a large amount of long positions have been closed lately. While a decrease in open interest like this is not necessarily bearish, the continued selling from both spot and perps shows that buying interest remains weak for now. Now that BTC is in major support again, it will be interesting to see whether buyers start stepping back in soon or if they remain absent and this selloff continues.