If you look on @velo_xyz, you can see that OI keeps climbing while price is moving down meaning more aggressive shorts are stepping into the market. Ideally, I'd like to see more liquidations and OI get wiped out for a cleaner signal before any continuation higher.
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If you look on @velo_xyz, you can see that OI keeps climbing while price is moving down meaning more aggressive shorts are stepping into the market. Ideally, I'd like to see more liquidations and OI get wiped out for a cleaner signal before any continuation higher.