64,450 touched—breakthrough didn’t come.
After $BTC surged and hit a high, it returned to around 63,400. What’s strange is that while the price was falling, the contract open interest increased from about 109,000 BTC to 110,800 BTC, and the long account share also rose to nearly 64%.
This suggests that not many people are exiting—there are actually more people betting on the next breakout.
The news flow isn’t bad either: Russia continues to推进 compliant crypto trading, and Goldman Sachs is also expanding its Bitcoin ETF lineup. But the current issue isn’t whether there are good signals—it’s who is willing to keep picking up the market above 64,000.
For now, I’m treating 64,450 as the market’s “test zone”:
A breakout only counts if it holds with higher volume;
If it pushes higher again but then falls back, the crowded longs may end up paying the tuition first.
As for 63,200, it’s best not to break. Once that level is lost, the market will likely clear leverage first, and only then discuss direction.
What people are chasing right now isn’t price, but certainty—and certainty is usually the most expensive.
$BTC #Bitcoin #BTC行情 #加密市场
For personal market record only; not investment advice.
After $BTC surged and hit a high, it returned to around 63,400. What’s strange is that while the price was falling, the contract open interest increased from about 109,000 BTC to 110,800 BTC, and the long account share also rose to nearly 64%.
This suggests that not many people are exiting—there are actually more people betting on the next breakout.
The news flow isn’t bad either: Russia continues to推进 compliant crypto trading, and Goldman Sachs is also expanding its Bitcoin ETF lineup. But the current issue isn’t whether there are good signals—it’s who is willing to keep picking up the market above 64,000.
For now, I’m treating 64,450 as the market’s “test zone”:
A breakout only counts if it holds with higher volume;
If it pushes higher again but then falls back, the crowded longs may end up paying the tuition first.
As for 63,200, it’s best not to break. Once that level is lost, the market will likely clear leverage first, and only then discuss direction.
What people are chasing right now isn’t price, but certainty—and certainty is usually the most expensive.
$BTC #Bitcoin #BTC行情 #加密市场
For personal market record only; not investment advice.
