BTC We are seeing the first signs of exhaustion. Price has swept the previous high but got rejected immediately after. Both during the recent pump and the following rejection, spot has continued selling, while open interest has mostly been moving sideways. At the same time, overall volume has started to decrease, showing that participation behind the move is beginning to fade. This suggests that the rally wasn’t supported by strong spot demand, which makes the rejection after the liquidity sweep more concerning. Unless spot buyers start stepping back in soon, I believe there is a good chance that this develops into a larger pullback.(Max Trades)