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Daan Crypto Trades|Feb 18, 2025 08:46
ETH There is indeed the full retrace in price & Open Interest which also lost most of the 1.5B which was added during the run up.
Like mentioned yesterday, it's going to be difficult if we see massive amounts of longs being opened on the slightest green day. It will need tremendous spot bid to sustain that price action and that's something we don't have now. That's what makes these moves so vulnerable to these full retraces we've been seeing every time.
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