BTC No signs of weakness so far. Price has started to pull back slightly after the recent rally. At the same time, open interest has started to decrease while spot demand has stayed intact. That suggests that buying interest is still present while excessive leverage keeps getting flushed out of the market, which is usually a good sign. So unless spot participation starts fading as well, I don’t see much reason to view this pullback as concerning. If buying interest continues to build, BTC could still push higher before the larger pullback I’m expecting eventually develops.