BTC is now 63,250. Before, it hit 65,700 and everyone kept yelling “break through,” now they’ve all gone silent—where are they?
In the past 24 hours, the sentiment is 7.2: 780 long posts, 543 KOLs calling for longs, and not a single one said anything was wrong. But in the end, it dropped nearly 3 points in one day, and fell 3 points over three days. When it was rising, everyone was bullish; when it started falling, they all disappeared. That’s it—plain and simple.
Spot has sold 10,673 BTC out over the past three hours. All twelve candles are net outflows—there isn’t a single positive one. Whale positions are also decreasing: in 7 hours, down by 5 percentage points. Big players are leaving too. On the order book, there are 5.6 BTC worth of sell orders stacked up, but only 0.65 BTC on the buy side—9 times less. Once you hit the sell, it breaks through.
On-chain, the amount of borrowed coins dropped 63% over the past 12 hours. Borrowers are cutting positions as well. Leverage is falling—no one is borrowing to go long anymore.
Everyone is looking long, while the money is running out. At this level, I don’t know who’s taking the other side.
Time to get harvested and that’s it.
#btc $BTC
In the past 24 hours, the sentiment is 7.2: 780 long posts, 543 KOLs calling for longs, and not a single one said anything was wrong. But in the end, it dropped nearly 3 points in one day, and fell 3 points over three days. When it was rising, everyone was bullish; when it started falling, they all disappeared. That’s it—plain and simple.
Spot has sold 10,673 BTC out over the past three hours. All twelve candles are net outflows—there isn’t a single positive one. Whale positions are also decreasing: in 7 hours, down by 5 percentage points. Big players are leaving too. On the order book, there are 5.6 BTC worth of sell orders stacked up, but only 0.65 BTC on the buy side—9 times less. Once you hit the sell, it breaks through.
On-chain, the amount of borrowed coins dropped 63% over the past 12 hours. Borrowers are cutting positions as well. Leverage is falling—no one is borrowing to go long anymore.
Everyone is looking long, while the money is running out. At this level, I don’t know who’s taking the other side.
Time to get harvested and that’s it.
#btc $BTC