List of Flash News about bullish reversal setup
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2025-06-21 04:26 |
Bitcoin (BTC) Open Interest on Binance Drops Post-Fed, Indicating Deleveraging and Potential Bullish Reversal Setup
According to @AltcoinGordon, Bitcoin (BTC) open interest on Binance has continued to decline following the recent Federal Reserve policy update, signaling ongoing market deleveraging and a possible setup for a bullish reversal. Historical trading patterns suggest that such drops in open interest often precede upward price movements as weak hands are flushed out of the market. This trend is consistent with previous years, where a reduction in leverage was followed by renewed bullish momentum. Traders are advised to monitor open interest and price action closely for confirmation of a reversal (Source: @AltcoinGordon on Twitter, June 21, 2025). |