Analyst: Bitcoin Reversal Requires Price to Increase Alongside Open Interest, or Significant Inflow

BlockBeats News, October 18, CryptoQuant analyst Axel Adler Jr posted that after experiencing a large-scale leverage washout, the market is still in a pullback phase; the risk of cascading liquidations is now lower than peak levels. A short-term rebound is possible, but for a sustainable reversal to occur, price would need to increase in sync with open interest, or there should be a clear influx of spot inflows.