Category: general

The post Bitcoin rally? Post-washout conditions look bullish, UNLESS. appeared com. Key Takeaways What triggered Bitcoin’s rebound? BTC recovered after Open Interest fell to $28 billion, clearing excess leverage and improving Taker Buy/Sell Ratio signals. What could influence BTC next? Renewed ETF inflows and fading retail selling may guide BTC toward the $100K region in the coming sessions. Bitcoin reclaimed the $90,000 region after dropping to its lowest level since April on the 20th of November. That slide pushed the Fear and Greed Index to 12, a zone associated with panic selling and heavy liquidations. Despite this, the aftermath appears constructive for Bitcoin [BTC], potentially setting the pace for a further rally. Leverage resets after a major shakeout Bitcoin has just gone through a washout, aimed at rebalancing the market after an extended period of over-leveraging by traders. This led to one of the most significant open interest shakeouts of the current cycle, according to CryptoQuant. Open Interest, which measures the total number of outstanding contracts in the market, fell sharply from $45 billion to $28 billion as traders exited positions. On top of that, CryptoQuant’s Taker Buy/Sell Ratio printed 1. 06, showing that buy-side volume still dominated after the washout. That supported a near-term rebound narrative. Bitcoin ETF flows turned positive again U. S. Spot Bitcoin exchange-traded funds (ETFs) have begun to register renewed inflows following a prolonged period of outflows. Between the 12th and 20th of November, ETFs saw $3. 16 billion in selling, with only $75. 4 million of net buying on the 19th of November, leaving a $3. 09 billion net outflow. By contrast, onward from the 21st of November, CoinGlass data showed $151 million in fresh inflows. During that period, Bitcoin rallied from.