#cryptotradingpro #metrics #BTC
$BTC : Market Analysis and Key Metrics 📊
After a strong momentum on September 3-4, Bitcoin entered a consolidation phase at the achieved highs. Let's analyze what is happening in the market right now:
➡️ Price and Volumes: The explosive growth was supported by high volumes (the main volume passed through Binance and Bybit). Now the volumes have fallen to average values, which indicates a pause before the next movement.
➡️ Liquidations and CVD: The main fuel for the growth was a large-scale cascade of short liquidations. There is an interesting difference in CVD - Binance and Bybit have fixed in growth, while other platforms hold neutral-positive cumulative volume.
➡️ Derivatives: Open interest (OI) remains high ($20B+), but the funding rate (Funding Rate) has already returned to the neutral zone. The market has cooled down from overheating, which creates a healthy foundation for further developments.
➡️ Sessions: The main driver of buyers is the American session (US), followed by Europe (EU). Asia is currently showing the least activity.
⚠️ Conclusion:
The market is in the accumulation phase after the short squeeze. The lack of overheating in funding at high OI indicates readiness for a new directional movement, possibly after the liquidity pool is removed below. The key trigger for the continuation of the uptrend is to maintain the current range and connect a spot buyer.
$BTC : Market Analysis and Key Metrics 📊
After a strong momentum on September 3-4, Bitcoin entered a consolidation phase at the achieved highs. Let's analyze what is happening in the market right now:
➡️ Price and Volumes: The explosive growth was supported by high volumes (the main volume passed through Binance and Bybit). Now the volumes have fallen to average values, which indicates a pause before the next movement.
➡️ Liquidations and CVD: The main fuel for the growth was a large-scale cascade of short liquidations. There is an interesting difference in CVD - Binance and Bybit have fixed in growth, while other platforms hold neutral-positive cumulative volume.
➡️ Derivatives: Open interest (OI) remains high ($20B+), but the funding rate (Funding Rate) has already returned to the neutral zone. The market has cooled down from overheating, which creates a healthy foundation for further developments.
➡️ Sessions: The main driver of buyers is the American session (US), followed by Europe (EU). Asia is currently showing the least activity.
⚠️ Conclusion:
The market is in the accumulation phase after the short squeeze. The lack of overheating in funding at high OI indicates readiness for a new directional movement, possibly after the liquidity pool is removed below. The key trigger for the continuation of the uptrend is to maintain the current range and connect a spot buyer.
