
Skew Δ|Jan 24, 2025 11:56
BTC
Price mid range here based on current consolidation
yet lowest OI since 66K / Oct 2024
This is primarily because of factors such as big trades closing out
- US election trade
- Trump trade
- Pro-Crypto US Gov
- Hedges closing out
This inherently makes spot flow even more directionally important imo
especially when it comes to the strategic reserve narrative
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