$BTC
selling pressure is still dominating the market. 🔴
Price has slipped back toward $64K, while Spot CVD continues to weaken and the Coinbase Premium remains negative at -0.12%.
At the same time, Open Interest is climbing. Falling price combined with rising OI suggests fresh short positions are entering the market.
⚠️ Unless $BTC manages to reclaim and hold above $64K, the bearish pressure could continue and open the door to further downside.
#BTC #Bitcoin #Crypto
selling pressure is still dominating the market. 🔴
Price has slipped back toward $64K, while Spot CVD continues to weaken and the Coinbase Premium remains negative at -0.12%.
At the same time, Open Interest is climbing. Falling price combined with rising OI suggests fresh short positions are entering the market.
⚠️ Unless $BTC manages to reclaim and hold above $64K, the bearish pressure could continue and open the door to further downside.
#BTC #Bitcoin #Crypto