$BTC Open Interest has slowly been creeping back up to its local highs denominated in coins.



This is roughly the same area it keeps getting to before some wind down in positions. Whether it's from longs getting squeezed or shorts closing out during this down trend.

All in all, there have been minimal liquidation events over the past ~3 months ever since putting in that local bottom at $60K. Price has behaved relatively calmly and without a ton of volatility.
BTC0.62%
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