$ETH just made a serious move.
A violent bid expansion wiped out $4.38M in shorts as aggressive futures buying triggered a liquidation cascade.
But the bigger detail is underneath it.
Spot absorption is still holding above the $2.6K bid wall, while futures CVD is showing divergence.
So the question now is simple:
Are we seeing absorption before another move higher, or is this just a temporary pause before continuation lower?
What’s your take?
#BTCBreaks80K
A violent bid expansion wiped out $4.38M in shorts as aggressive futures buying triggered a liquidation cascade.
But the bigger detail is underneath it.
Spot absorption is still holding above the $2.6K bid wall, while futures CVD is showing divergence.
So the question now is simple:
Are we seeing absorption before another move higher, or is this just a temporary pause before continuation lower?
What’s your take?
#BTCBreaks80K
