When I wrote deep into the market at 06:00 with a bearish tilt, the bulls were still paying tax.
$BTC Binance 83635, down about −1.2% week-over-week; turnover about 1.69 billion.
Top five buy/sell ≈10.3.
OKX fee rate flipped to about −0.0005%, with positions around 2.41 billion.
The buy wall comes back first, but the tax goes to the shorts first—
#BTC结构 # fee rate switched sides