- It appears that the correlation between Bitcoin and Binance has dipped below 0.1—much like my enthusiasm during a period drama. This often signifies that things are about to get exciting, or as exciting as watching paint dry.
- Not to throw shade at Binance traders, but they seem to be strolling in the opposite direction of the price trend, raising the alarming possibility of cataclysmic liquidation events. Yikes! 😱
Now, when Bitcoin (that pesky digital coin) decides to tango away from Open Interest (OI) on Binance, it usually means that all is not well in the land of crypto.
With the correlation plummeting below the magical number of 0.1, it’s a bit like the market is tightening its grip, preparing for some sort of cosmic sneeze that could launch us all into the stratosphere—or at least into a frenzy of “liquidation!”
Historically, this drop is akin to the moment just before the protagonist discovers they’ve been locked in a time loop, which typically precedes some rather drastic price fluctuations, as traders decide to swim upstream against the current—always a wise choice, right?
A calm before the liquidations?
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2025-06-15 12:09