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Post #2991
@alpha_updates
Alpha updates. 🪓
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On 7 Oct, Open Interest topped near $240B. Since then it has been cut exactly in half to $120B the same level we saw back in April. OI and price have always walked together.. When OI expands, leverage builds and price trends, When it collapses, excess leverage gets flushed and the market resets. A large portion of open interest has already been flushed and the long short ratio has cooled down. From here, open interest should start rebuilding, typically allows room for a rebound.