$BTC for 86797, the price is hugging the previous high. Here’s a data point that only gets more reassuring the more you look at it: 24-hour contract open interest has dropped by 3.8%.
Price is up, positions are down—plain language: this move isn’t propped up by leverage piling in. It’s bought with real money in the spot market. The annualized funding rate is only 2.8%, lower than the benchmark line. Bulls aren’t exactly showing any frenzy.
Yesterday afternoon, I watched active buy/sell: it crawled back from 0.79 to 1.26—the buy-side is back. If there’s a risk, it’s that the daily RSI is around 72 and a bit overheated. It could easily just go sideways for a day or two to digest, which is normal.
The data is mine, the call is mine—if I’m wrong, I own it. Until we break below 84014, I won’t turn bearish. Let’s see—do you think this run can get through the previous high?
#数据视角 #Market update
Price is up, positions are down—plain language: this move isn’t propped up by leverage piling in. It’s bought with real money in the spot market. The annualized funding rate is only 2.8%, lower than the benchmark line. Bulls aren’t exactly showing any frenzy.
Yesterday afternoon, I watched active buy/sell: it crawled back from 0.79 to 1.26—the buy-side is back. If there’s a risk, it’s that the daily RSI is around 72 and a bit overheated. It could easily just go sideways for a day or two to digest, which is normal.
The data is mine, the call is mine—if I’m wrong, I own it. Until we break below 84014, I won’t turn bearish. Let’s see—do you think this run can get through the previous high?
#数据视角 #Market update
