BTC is now around 63129, still lying at the bottom of this week’s range. The spot money has been flowing in for the third consecutive day, but the price just won’t move.
The data is actually very clear: over the past 3 hours, spot net inflows were positive for 12 consecutive candles—none of them were red. Large orders are also accumulating with net inflows, same plot as yesterday and the day before. But on the 15-minute and 1-hour charts the direction is completely FLAT—every time it hits 63.4, it gets pressed back. This week it’s still down -2.7%.
Here’s the contradiction: funds are absorbing, but the technicals aren’t giving it any face. MACD remains strongly bearish. Price is trading below the 10/50/200-day moving averages, and the 63.6 to 63.8 zone is the repeated hurdle that gets applied pressure. Even worse is volume: it’s only below half the average, so volume can’t pick up. No matter how much inflow there is, it can’t push the market. On the order book, the buy-side resting orders are thinner than sell-side, so short-term bids are still weak.
The futures side, however, isn’t squeezed. The funding rate is sitting on the floor, open interest is still slightly decreasing. At this spot, neither bulls nor bears dare add positions—they’re all waiting.
So for this level, I choose to wait. I won’t chase longs, and I’m not rushing to short. The fact that money keeps entering is definitely a plus for the bottom, but until price gives a confirmed breakout, it can only be considered that someone is catching. A breakout above 63.6–63.8 with volume would signal strength turning; a drop below the 62.5 area, the week’s low, would show even the funds can’t hold it. Waiting is more comfortable than acting.
#btc $BTC
The data is actually very clear: over the past 3 hours, spot net inflows were positive for 12 consecutive candles—none of them were red. Large orders are also accumulating with net inflows, same plot as yesterday and the day before. But on the 15-minute and 1-hour charts the direction is completely FLAT—every time it hits 63.4, it gets pressed back. This week it’s still down -2.7%.
Here’s the contradiction: funds are absorbing, but the technicals aren’t giving it any face. MACD remains strongly bearish. Price is trading below the 10/50/200-day moving averages, and the 63.6 to 63.8 zone is the repeated hurdle that gets applied pressure. Even worse is volume: it’s only below half the average, so volume can’t pick up. No matter how much inflow there is, it can’t push the market. On the order book, the buy-side resting orders are thinner than sell-side, so short-term bids are still weak.
The futures side, however, isn’t squeezed. The funding rate is sitting on the floor, open interest is still slightly decreasing. At this spot, neither bulls nor bears dare add positions—they’re all waiting.
So for this level, I choose to wait. I won’t chase longs, and I’m not rushing to short. The fact that money keeps entering is definitely a plus for the bottom, but until price gives a confirmed breakout, it can only be considered that someone is catching. A breakout above 63.6–63.8 with volume would signal strength turning; a drop below the 62.5 area, the week’s low, would show even the funds can’t hold it. Waiting is more comfortable than acting.
#btc $BTC