BTC We’re currently seeing a strong bounce from an important support level. During this pump, open interest has started to cool off significantly, while spot participation has started to pick up again. At the same time, we’ve seen quite a decent amount of shorts getting squeezed out of the market. This suggests that the move has been supported by genuine spot demand while excessive leverage is being flushed out at the same time. Price is now approaching an important resistance level, so it will be interesting to see whether buyers are strong enough to push BTC above it. If spot demand remains strong and buyers manage to reclaim this level, I think there is a good chance that we see a continuation towards $67k.(Max Trades)