During the rise of Bitcoin this morning, the contract open interest increased by 2 billion dollars

CryptoQuant analyst @DarkfostCoc stated that during the Bitcoin rally, the total contract open interest increased by $2 billion. @DarkfostCoc mentioned that when this situation occurs, price fluctuations often last for a very short time. Leverage positions tend to be temporary, which usually hinders the market from establishing a healthy bottom, thus being detrimental to a sustainable bull market reversal.