BTC There has been quite a bit of open interest ramp up over the past two days. Well over $1.3B on Bitcoin alone has entered. Presumably the majority is longs that have built up into the price that has grinded up. Most are obviously sitting comfy but that last leg in open interest saw a lot enter in the $85.5-$86K region. Bulls need to keep it above that area to not risk a reversal and squeeze of those (late) longs. But the coinbase discount has slowly been going down so that means there's some spot bid coming back slowly the past day or two. We have NFP coming up in a little under 5 hours. With yields high and inflation fears still going, a lot of investors will be looking at this number. Especially at the start of a new quarter, this is bound to cause volatility.