BTC Following the recent selloff, price has now swept the capitulation wick at $60k. Funding has returned to neutral levels after spending months in positive territory, showing that a large portion of the excessive long positioning has finally been flushed out of the market. At the same time, open interest has started increasing again, indicating that traders are beginning to build fresh positions at these levels. The one concern is that spot continues to sell aggressively despite the recent correction. As long as spot selling persists, the possibility of a deeper sweep cannot be ruled out. The main question is whether the recent increase in open interest is being driven by aggressive shorts chasing the breakdown, or by buyers positioning themselves after the liquidity sweep.(Max Trades)