#比特币突破79000美元
👉 这波的钱不一样，群里聊
Bitcoin touched $79,000. This time the money pushing it up is different from the previous round📊
The leverage ratio has come down, and the spot ratio has gone up.
First, look at the structure. Open interest in perpetual futures rose only 4%, while spot trading volume increased by 60%. In the previous round when it pushed toward $80,000, open interest rose by 20% over three days.
What’s worth watching is the positioning. Exchange wallet balances have dropped to their lowest level this year, and coins have been moved from trading wallets to custody accounts. ETF share counts are slowly climbing.
The tricky part is liquidity. In a market where depth has thinned, one large order can knock price down and create a wick. It rises smoothly—and pullbacks come fast.
For crypto, spot-led rallies move more slowly but go farther. Leverage-led moves surge higher, but they also fall hard. This round looks more like the former. Spot holdings are shifting toward long-term accounts; the price structure is becoming more stable, and the magnitude of pullbacks may narrow as well. The nature of the capital determines how long the move lasts.
How far do you think a spot-led trend can go—will the $80,000 level be broken? Let’s discuss in the comments.
👉 这波的钱不一样，群里聊
Bitcoin touched $79,000. This time the money pushing it up is different from the previous round📊
The leverage ratio has come down, and the spot ratio has gone up.
First, look at the structure. Open interest in perpetual futures rose only 4%, while spot trading volume increased by 60%. In the previous round when it pushed toward $80,000, open interest rose by 20% over three days.
What’s worth watching is the positioning. Exchange wallet balances have dropped to their lowest level this year, and coins have been moved from trading wallets to custody accounts. ETF share counts are slowly climbing.
The tricky part is liquidity. In a market where depth has thinned, one large order can knock price down and create a wick. It rises smoothly—and pullbacks come fast.
For crypto, spot-led rallies move more slowly but go farther. Leverage-led moves surge higher, but they also fall hard. This round looks more like the former. Spot holdings are shifting toward long-term accounts; the price structure is becoming more stable, and the magnitude of pullbacks may narrow as well. The nature of the capital determines how long the move lasts.
How far do you think a spot-led trend can go—will the $80,000 level be broken? Let’s discuss in the comments.
