#metrics #bitcoin #CryptoTrading.
đ $BTC : Market Analysis and Key Metrics
After local liquidity withdrawal and pullback to $64,000, Bitcoin enters a consolidation phase. Let's analyze what is happening "under the hood" of the market according to derivatives and volumes:
đ Key metrics:
âĄïž Price and Spot (CVD): After a peak near $67,000, we saw longs unloaded and a dip to $64,000. Currently, the cumulative delta (CVD) has leveled off in the $200Mâ$400M range - aggressive selling has subsided, the market is moving into a waiting state.
âĄïž Open Interest (OI) & Funding: Total OI remains high ($15Bâ$17B), indicating that large players are maintaining positions. Funding remains moderately positive (10â20% APR), and the 3-month base rate has dropped to 3.5â3.75% â the market has cleared from excessive overheating.
âĄïž Liquidations: The spill on July 24â25 washed away leveraged buyers (over $20M+ of longs were liquidated), fixing a local bottom.
âĄïž Sessionality: The main growth driver remains the US session (+15â20% for the month), while Asia (APAC) continues to moderately pressure the price downward.
đ Conclusion and scenario:
The clearing of excess leverage has occurred. As the US session continues to actively buy back the decline, the baseline scenario is accumulation in the range of $64,200 â $66,000 with a potential attempt to retest $67,000 upon a CVD reversal towards purchases.
đŻ Key Levels:
Support: $63,800 â $64,200
Resistance: $66,200 / $67,100
đ $BTC : Market Analysis and Key Metrics
After local liquidity withdrawal and pullback to $64,000, Bitcoin enters a consolidation phase. Let's analyze what is happening "under the hood" of the market according to derivatives and volumes:
đ Key metrics:
âĄïž Price and Spot (CVD): After a peak near $67,000, we saw longs unloaded and a dip to $64,000. Currently, the cumulative delta (CVD) has leveled off in the $200Mâ$400M range - aggressive selling has subsided, the market is moving into a waiting state.
âĄïž Open Interest (OI) & Funding: Total OI remains high ($15Bâ$17B), indicating that large players are maintaining positions. Funding remains moderately positive (10â20% APR), and the 3-month base rate has dropped to 3.5â3.75% â the market has cleared from excessive overheating.
âĄïž Liquidations: The spill on July 24â25 washed away leveraged buyers (over $20M+ of longs were liquidated), fixing a local bottom.
âĄïž Sessionality: The main growth driver remains the US session (+15â20% for the month), while Asia (APAC) continues to moderately pressure the price downward.
đ Conclusion and scenario:
The clearing of excess leverage has occurred. As the US session continues to actively buy back the decline, the baseline scenario is accumulation in the range of $64,200 â $66,000 with a potential attempt to retest $67,000 upon a CVD reversal towards purchases.
đŻ Key Levels:
Support: $63,800 â $64,200
Resistance: $66,200 / $67,100