Bitcoin ‘short squeeze’ sends BTC price to $35.9K as OI stays elevated

” You can never say, Never in this game, but based on the newest Trend Precognition signals, I d be really shocked to see BTC move above $36k before the Weekly candle light close,” part of a post-move X post read, referring to one of its exclusive trading indicators.BTC/ USDT order book data for Binance as of Nov. 7. Source: Material Indicators/XFellow trader Daan Crypto Trades, on the other hand, considered what he described as “a fascinating shift” in derivatives composition.Traders on the largest crypto exchange, Binance, were placing themselves bearishly compared to exchange Bybit, he kept in mind, however a “long capture” was far from certain. Theres been a clear long interest on Bybit while Binance has actually been more short orientated during this variety,” he summarized.An accompanying chart compared the 2 exchanges BTC/USDT continuous swap sets, revealing Binance trading lower after the brief capture.

BTC/USD traded at $35,300 at the time of writing on Nov. 8, with OI still beyond $15 billion, per information from on-chain monitoring resource CoinGlass.Bitcoin futures open interest chart (screenshot). Source: CoinGlassThis post does not include investment guidance or recommendations. Every investment and trading relocation involves risk, and readers ought to conduct their own research study when making a decision.

Bitcoin (BTC) saw timeless BTC cost volatility into the Nov. 7 daily close as a “brief squeeze” took the market near $36,000. Source: TradingViewBitcoin strikes “key” brief capture priceData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it reacted amid extremely raised open interest (OI) on exchanges.Previously, Cointelegraph reported on the more than $15 billion in OI being apt to trigger a fresh round of volatility. $34,800 ~ key rate for a capture,” he told X subscribers.Yup there was a substantial rise in OI overnight- it seems to be more of the exact same- shorts affecting into passive quotes here at the regional lows.We have a huge rise in OI, perp takers net selling, funding reducing, and limitation bids being filled.

Bitcoin (BTC) saw timeless BTC cost volatility into the Nov. 7 day-to-day close as a “brief capture” took the market near $36,000. Source: TradingViewBitcoin hits “key” short squeeze priceData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it responded in the middle of highly elevated open interest (OI) on exchanges.Previously, Cointelegraph reported on the more than $15 billion in OI being apt to spark a fresh round of volatility. $34,800 ~ key price for a capture,” he informed X subscribers.Yup there was a substantial increase in OI overnight- it seems to be more of the exact same- shorts affecting into passive quotes here at the local lows.We have a huge rise in OI, perp takers net selling, moneying reducing, and limit bids being filled. Theres been a clear long interest on Bybit while Binance has actually been more short orientated throughout this range,” he summarized.An accompanying chart compared the 2 exchanges BTC/USDT perpetual swap pairs, revealing Binance trading lower after the short capture.