$BTC is moving lower, but there’s more happening beneath the surface.
Open interest has climbed sharply, suggesting fresh positions are entering as the price drops. Meanwhile, spot buyers have stepped in and started absorbing the selling pressure.
Now, the market is caught between two opposing forces: growing short positions and strong spot demand.
The next move may come down to which side breaks first.
If buyers keep absorbing the pressure, those shorts could eventually get trapped and pus...
Honestly wouldn't shock me if $BTC just wicks down, grabs those lows, then bounces right back to $76K-$77K. That's how ranges work, right?
The boundaries are pretty clear here. And for me? I'm not getting excited until we're either sitting at that range low or poking underneath it. That's where the interesting stuff happens.
People forget — the low of a range isn't a disaster, it's often just... the low of the range. If you've been around long enough, you stop panicking and start watching for ...
Bro Sold $443K Worth of $PONS for $135K... Now It Would Be Worth $3.46M .
Nahhh, this has to hurt. A month ago, this guy spent 181 $ETH ($443K) to buy 7.99M PONS.
Then PONS started dumping. He held through it for a while, but eventually said enough is enough and sold the whole bag for around $135K. That’s a $308K loss. Painful, but okay... sometimes you cut the loss and move on.
Excepttt... Those same 7.99M #pons are now worth around $3.46M.
So if he had just held a little longer, he'd be sitt...