$BTC · THE FLUSH THAT WASN'T
$84,330, -2.0%, sitting 14% up an $83,864 to $87,279 range on $1.89B of volume. The whole day's gain is gone.
The reflex read is that leveraged longs got cleaned out. Funding disagrees: +0.0070% on $BTC and +0.0049% on $ETH is close to neutral, and $SOL funding is outright negative. Positioning was not stretched going in.
Which makes this look like broad risk-off rather than a crowd getting caught.
What do you think emptied it? $BTC
$84,330, -2.0%, sitting 14% up an $83,864 to $87,279 range on $1.89B of volume. The whole day's gain is gone.
The reflex read is that leveraged longs got cleaned out. Funding disagrees: +0.0070% on $BTC and +0.0049% on $ETH is close to neutral, and $SOL funding is outright negative. Positioning was not stretched going in.
Which makes this look like broad risk-off rather than a crowd getting caught.
What do you think emptied it? $BTC
