On-Chain Data — BTC 📊

The on-chain picture is starting to get interesting. 👀

$BTC appears to be winding down the short OI build-up, while large buy trades have started picking up.

But there’s one thing still missing:

🟡 Spot buying has yet to show strong confirmation.

This could simply be because it’s the weekend — or perhaps whales are still waiting for lower prices to enter.

Interestingly, whales and top traders are also sitting largely delta-neutral right now.

So the big question is:

Are whales preparing for the next move, or simply waiting for a better entry?

Let’s see what the next few sessions bring. 🔍

#BTC #OnChain #Crypto #CryptoMarket #BinanceSquare $BTC $ETH