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$BTC Has clearly surpassed the small resistance zone of 75–76K, with intraday price nearly touching 79.2K.
The structure is no longer a breakout test of what.
On Friday, ETF inflows were +606.3M USD; for the week, next Thursday is expected to be around another +1.6 trillion.
Actual buying power is absorbing supply extremely well.
OI has jumped to 56.6 billion USD. The increase just now had a large amount of Short covering supporting the 72k area, so you can’t treat it as entirely durable demand.
If 75–76K is maintained—especially if OI comes down
→ the trend is still healthy, and the 80–82K zone looks good.
I closed all my shorts.
If OI keeps rising while ETF inflows slow and price doesn’t go up
→ Going long becomes dangerous.
Holding above 75K while a fresh trap reset is completed is the best signal.
The trend survives because sellers cover, not because longs are forced to buy.
The structure is no longer a breakout test of what.
On Friday, ETF inflows were +606.3M USD; for the week, next Thursday is expected to be around another +1.6 trillion.
Actual buying power is absorbing supply extremely well.
OI has jumped to 56.6 billion USD. The increase just now had a large amount of Short covering supporting the 72k area, so you can’t treat it as entirely durable demand.
If 75–76K is maintained—especially if OI comes down
→ the trend is still healthy, and the 80–82K zone looks good.
I closed all my shorts.
If OI keeps rising while ETF inflows slow and price doesn’t go up
→ Going long becomes dangerous.
Holding above 75K while a fresh trap reset is completed is the best signal.
The trend survives because sellers cover, not because longs are forced to buy.