Sell BTC by Dec 16, 2026.

This is the part of today's selloff I find more interesting than the price move itself. Around $570M in long positions got liquidated over 24 hours, but BTC futures open interest actually increased from around 676k BTC to 688k BTC while price was falling. Funding was still positive in parts of the market too, while options skew had turned more put rich. So despite a pretty big long flush, BTC didn't really get the clean leverage reset I would've expected. …