🚨 BTC Gets Rejected at $76K Again
Bitcoin pushed as high as $76,097 but was rejected and fell back toward $75.8K.
Current bias:
🔴 Short: 65%
🟢 Long: 35%
The biggest change over the last hour is that both spot and futures flow flipped bearish.
📉 Spot aggressive buying: 51.1% → 44.9%
📉 Futures aggressive buying: 54.9% → 43.4%
Sellers are now clearly stronger on both markets.
But there is one important difference:
Price ↓ + OI ↓ + Funding ↓
Open interest fell slightly while funding dropped to around +0.00433% / 8h.
That suggests this is currently more of a deleveraging + spot-selling move, rather than a major wave of fresh shorts aggressively entering the market.
Institutional flows are also weak, with the latest completed U.S. spot BTC ETF session showing approximately -$450.4M in net outflows.
📍 Key support: $75,807
A break below this level with OI starting to rise again could open:
$75.55K → $75.2K → $75K → $74.97K
A recovery above $76K with spot buying returning above 55% would improve the structure.
BTC is weak, but this is not yet a fresh-short-driven liquidation cascade.
#BTC #Bitcoin #Crypto
Bitcoin pushed as high as $76,097 but was rejected and fell back toward $75.8K.
Current bias:
🔴 Short: 65%
🟢 Long: 35%
The biggest change over the last hour is that both spot and futures flow flipped bearish.
📉 Spot aggressive buying: 51.1% → 44.9%
📉 Futures aggressive buying: 54.9% → 43.4%
Sellers are now clearly stronger on both markets.
But there is one important difference:
Price ↓ + OI ↓ + Funding ↓
Open interest fell slightly while funding dropped to around +0.00433% / 8h.
That suggests this is currently more of a deleveraging + spot-selling move, rather than a major wave of fresh shorts aggressively entering the market.
Institutional flows are also weak, with the latest completed U.S. spot BTC ETF session showing approximately -$450.4M in net outflows.
📍 Key support: $75,807
A break below this level with OI starting to rise again could open:
$75.55K → $75.2K → $75K → $74.97K
A recovery above $76K with spot buying returning above 55% would improve the structure.
BTC is weak, but this is not yet a fresh-short-driven liquidation cascade.
#BTC #Bitcoin #Crypto