Like the elevator lobby before Friday’s close—everyone wants to get out first, and the moment the doors open, nobody runs fast. $BTC spot is still above 79011. In the past 24h it fell 2.15%; the high and low ranged from 80923 down to 77851, then it got pulled back to around the 79000 line. This isn’t strength—someone is locking up a week’s profit, but the sell pressure hasn’t broken through the structure.
I don’t agree with the saying “holding 79000 means things are stable.” The futures/spot trading ratio is up to 9.8x, which suggests this volatility is more about derivatives trading and swapping with each other, not about spot capital decisively moving back in. The funding rate is still at +0.0056%, so the longs haven’t fully capitulated. The squeeze isn’t over yet.
I didn’t chase longs. I placed a 5% short order above 79200, with a stop-loss at 80350. My initial target is 78100. If price reclaims it, I’ll admit I’m wrong—no stubborn holding. If you’re going long, answer at least one question: in this move, who exactly is actually buying/absorbing at 79000? $BTC #BTC
The market flips faster than turning pages—leave yourself some room in your position.
I don’t agree with the saying “holding 79000 means things are stable.” The futures/spot trading ratio is up to 9.8x, which suggests this volatility is more about derivatives trading and swapping with each other, not about spot capital decisively moving back in. The funding rate is still at +0.0056%, so the longs haven’t fully capitulated. The squeeze isn’t over yet.
I didn’t chase longs. I placed a 5% short order above 79200, with a stop-loss at 80350. My initial target is 78100. If price reclaims it, I’ll admit I’m wrong—no stubborn holding. If you’re going long, answer at least one question: in this move, who exactly is actually buying/absorbing at 79000? $BTC #BTC
The market flips faster than turning pages—leave yourself some room in your position.