This hasn't happened to $BTC in 6 years.
The daily RSI just hit its lowest level since March 2020.
These are EXTREME oversold conditions.
The good news: the last time RSI was this washed out, it marked the bottom.
$BTC went on to print new all-time highs within a year.
💥BREAKING:
BIG MONEY IS PILING INTO BINANCE
As BTC & ETH open interest ripped back toward $30B, Binance saw the largest inflows by far, even outpacing the next two exchanges combined in BTC OI growth.
When traders want to put on serious size, they go where the liquidity is.