BTC today: I woke up, but didn’t really take off 🚦
Today #BTC for several times tried to break out. The price moved roughly from $77.8k to $78.6k, and our BTC Radar rose to 62/100, after which it quickly cooled down to 36/100.
What was interesting:
• volume was sharply increasing specifically during upward impulses;
• buyers several times took the initiative;
• but Open Interest didn’t show strong steady growth;
• funding remained calm—so there’s no obvious overheating.
In simple terms: the market is coming back to life, but so far without a real breakout.
For tomorrow, I’d watch just one thing: will activity return along with OI growth. If BTC goes above $78.5k again on strong volume and derivatives confirm the move, the market could become much more interesting.
If, however, volume fades again, today’s move may turn out to be just another wave within the range.
BTC Radar at the end of the day: 36/100. No overheating. No cascading risk for now either.
#Bitcoin #BTC #crypto #MarketAnalysis
Today #BTC for several times tried to break out. The price moved roughly from $77.8k to $78.6k, and our BTC Radar rose to 62/100, after which it quickly cooled down to 36/100.
What was interesting:
• volume was sharply increasing specifically during upward impulses;
• buyers several times took the initiative;
• but Open Interest didn’t show strong steady growth;
• funding remained calm—so there’s no obvious overheating.
In simple terms: the market is coming back to life, but so far without a real breakout.
For tomorrow, I’d watch just one thing: will activity return along with OI growth. If BTC goes above $78.5k again on strong volume and derivatives confirm the move, the market could become much more interesting.
If, however, volume fades again, today’s move may turn out to be just another wave within the range.
BTC Radar at the end of the day: 36/100. No overheating. No cascading risk for now either.
#Bitcoin #BTC #crypto #MarketAnalysis