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Olivia Rose
Olivia Rose
Futures saw $919M of liquidations in 24 hours, 95% of it longs — but open interest in BTC terms actually rose 0.51%. The dollar OI drop is mostly just the cheaper price. New positions replaced the forced closures, so total exposure did not shrink at all. A flush that ends with the same amount of risk on is not a capitulation — it is a changing of hands. $BTC #Bitcoin #FedHawkishChorus

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