#bitcoin #metrics
đ„$BTC /USD: Bearish pressure remains, but the market is close to a local fading of momentum
Analysis of current market metrics indicates a continuation of the downward movement with the attraction of large capital for selling.
đ Key factors and market metrics
âĄïž Price dynamics: BTC is moving in a clear downtrend, having fallen from $66,000 to current levels around $62,500 - $63,000.
âĄïž CVD (Aggressive Selling): Cumulative delta shows a steady outflow of capital on market orders. The main source of pressure is the Binance exchange (CVD dropped to -$1B).
âĄïž Liquidation cascade: The decline was accompanied by a series of significant long liquidations on August 11, 12 and 14 ($10Mâ$15M per session).
âĄïž Futures market: Open interest (OI) is holding at ~$17Bâ$18B, but Annualized Basis fell from 5% to 4%, indicating cooling optimism among traders.
âĄïž Sessionality: The most negative dynamics are observed during the American and European sessions, while the main attempts at local rebounds fall on the middle hours of UTC (10:00â12:00 and 16:00).
đ Summary and scenario
The advantage is completely on the side of sellers. Currently, the drop in volumes at the end of the week may provide temporary consolidation, but for a reversal, the price needs to be fixed above $64,000â$64,500 and the CVD delta needs to change towards purchases.
Priority scenario â continued testing of lower support zones in the $61,500â$62,000 area.
đ„$BTC /USD: Bearish pressure remains, but the market is close to a local fading of momentum
Analysis of current market metrics indicates a continuation of the downward movement with the attraction of large capital for selling.
đ Key factors and market metrics
âĄïž Price dynamics: BTC is moving in a clear downtrend, having fallen from $66,000 to current levels around $62,500 - $63,000.
âĄïž CVD (Aggressive Selling): Cumulative delta shows a steady outflow of capital on market orders. The main source of pressure is the Binance exchange (CVD dropped to -$1B).
âĄïž Liquidation cascade: The decline was accompanied by a series of significant long liquidations on August 11, 12 and 14 ($10Mâ$15M per session).
âĄïž Futures market: Open interest (OI) is holding at ~$17Bâ$18B, but Annualized Basis fell from 5% to 4%, indicating cooling optimism among traders.
âĄïž Sessionality: The most negative dynamics are observed during the American and European sessions, while the main attempts at local rebounds fall on the middle hours of UTC (10:00â12:00 and 16:00).
đ Summary and scenario
The advantage is completely on the side of sellers. Currently, the drop in volumes at the end of the week may provide temporary consolidation, but for a reversal, the price needs to be fixed above $64,000â$64,500 and the CVD delta needs to change towards purchases.
Priority scenario â continued testing of lower support zones in the $61,500â$62,000 area.