$BTC — This Pullback Is About Positioning, Not Panic
Price pulled back from the highs, but the important part isn’t the candles.
It’s what disappeared with them.
Open Interest has been bleeding steadily while price holds above key structure.
That tells us something critical:
• Leverage is being removed
• Late longs are getting cleaned
• Weak hands are exiting
• No aggressive short build yet
This is not distribution.
This is pressure relief.
Market makers don’t dump when everyone expects it.
They reduce exposure first — then decide direction.
As long as price holds above the prior breakout zone and OI keeps contracting, this move is about resetting positioning, not flipping bias.
The danger zone comes after leverage rebuilds — not during the flush.
Read participation.
Track who’s forced out.
That’s where the real hunt starts.
#BTC #MarketStructure #OpenInterest #MMHunter #CryptoAnalysis