BTC This is starting to look increasingly bearish. Price is now moving in a clear downtrend, while spot has been selling throughout the entire move. At the same time, open interest has continued to grind higher, suggesting that additional leverage keeps entering the market. This is a very unhealthy combination and therefore increases the chances of further continuation to the downside. Unless buyers step back in soon, I believe we will likely see the liquidity around $75K get taken out sometime this week.