The market did not change its mind. It changed hands.
1.14 billion dollars of leveraged positions closed in 24 hours, 90% of them longs. Ether took 448 million of that; bitcoin 272 million.
Three checks before the open, in this order.
Volume. $BNB traded 96.9 million dollars, 117% of its own weekly pace, and lost only 2%. $SUI 104% of pace, down 2.9%. $UNI 73% of pace, down 3.2%. Less volume, bigger hole.
Flows. Last week spot bitcoin funds lost 1.28 billion, worst since June, 411.9 million on Friday alone. Tonight is the first print since the crash.
Level. 75,450 to 75,820 is where short-term holders and the biggest corporate treasury sit at cost. A daily close above repairs the tape; below it, 70,000.
That is a liquidity map, not a sentiment one. I go in flat, waiting for the print.
If tonight prints another outflow above 400 million and bitcoin closes under 73,500, I am wrong.
Not financial advice. Do you wait for the print, or take 74k?
#BNBChain #BitcoinFiveWeeklyLosses #BinanceSquare
1.14 billion dollars of leveraged positions closed in 24 hours, 90% of them longs. Ether took 448 million of that; bitcoin 272 million.
Three checks before the open, in this order.
Volume. $BNB traded 96.9 million dollars, 117% of its own weekly pace, and lost only 2%. $SUI 104% of pace, down 2.9%. $UNI 73% of pace, down 3.2%. Less volume, bigger hole.
Flows. Last week spot bitcoin funds lost 1.28 billion, worst since June, 411.9 million on Friday alone. Tonight is the first print since the crash.
Level. 75,450 to 75,820 is where short-term holders and the biggest corporate treasury sit at cost. A daily close above repairs the tape; below it, 70,000.
That is a liquidity map, not a sentiment one. I go in flat, waiting for the print.
If tonight prints another outflow above 400 million and bitcoin closes under 73,500, I am wrong.
Not financial advice. Do you wait for the print, or take 74k?
#BNBChain #BitcoinFiveWeeklyLosses #BinanceSquare
