The money is still flowing into the channel these days, and single-day fund absorption even reached nearly the 1-billion level.
But BTC hasn’t gone crazy along with it—right now it’s grinding around 84,200. It bounced to around 84,940 earlier in the day and then pulled back again, with the daily low having also dropped to 82,875.
What does that mean? Long-term positions are being built, while short-term leverage is being withdrawn—these two things are not the same.
U.S. Treasury yields are still at high levels, and risk appetite has been tight to begin with. So it’s very normal for the price not to track inflows.
If you have long positions: when it rebounds to 84,800–85,000, reduce part of your position. Then let it digest in the 83,000–83,500 area.
If you miss the 82,875 level, just admit it and don’t stubbornly hold on waiting for a rebound.
If you don’t have a position, don’t rush to buy the dip. Wait for this range to get absorbed first, then see whether the channel is still absorbing funds.
As long as you follow the right rhythm, you can earn back even the hairline losses.
$BTC $ETH
But BTC hasn’t gone crazy along with it—right now it’s grinding around 84,200. It bounced to around 84,940 earlier in the day and then pulled back again, with the daily low having also dropped to 82,875.
What does that mean? Long-term positions are being built, while short-term leverage is being withdrawn—these two things are not the same.
U.S. Treasury yields are still at high levels, and risk appetite has been tight to begin with. So it’s very normal for the price not to track inflows.
If you have long positions: when it rebounds to 84,800–85,000, reduce part of your position. Then let it digest in the 83,000–83,500 area.
If you miss the 82,875 level, just admit it and don’t stubbornly hold on waiting for a rebound.
If you don’t have a position, don’t rush to buy the dip. Wait for this range to get absorbed first, then see whether the channel is still absorbing funds.
As long as you follow the right rhythm, you can earn back even the hairline losses.
$BTC $ETH