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🐸Warpcast🔵Degen🎩
@psl
Ethereum Open Interest just hit an all-time high of $41B. Back in 2021, when ETH was at $4800, OI was only $13B. Now price is 50% lower, but OI is up 300%. What does it mean? Leverage is at its peak, way more speculation than price movement. This setup either leads to an explosive breakout or a brutal liquidation, depending on which side the leverage is stacked.
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