BTC The $85K level broke and the late longs got flushed out. About $500M in longs got liquidated but a lot of it entered straight back in. Meanwhile, Open interest is the highest it has been in this range and Coinbase premium is deep in the negative which shows there's been a lot of spot selling causing this move. With Open Interest as high as it is, we will likely see volatility high until the end of the week at least. Bulls need to retake $85K or I think the momentum is shifting downwards from here. There's plenty of positioning on both sides at this point.