Analysis: BTC open interest reaches an all-time high while the price continues to fall, the market consensus is that long positions are being gradually liquidated.

According to Mars Finance, the Greeks.live Chinese community briefing points out that the market is in a state of extreme panic, with group members generally bearish, believing that a spiral killing is happening. Key focus levels: BTC 86800-85000 USD, ETH 3000-2000 USD. Most traders believe that a large-scale Get Liquidated is needed to stop the fall, and some members expect a Rebound may occur after Thanksgiving, but there are differences regarding the bottom position, with some seeing 76000 USD and even 50000 USD. BTC open interest has reached an all-time high while the price continues to decline, and the Long-Short Ratio has reached 4:1, with the market Consensus being that long positions are being gradually liquidated. The briefing also noted that analysts, including the CEO of CryptoQuant, believe that the deleveraging cycle is nearing its end, but traders in the group generally do not trust the advocate, emphasizing the need to act according to strategy. Greeks.live believes that the safest option currently is cash is king, holding U and waiting for opportunities.