#比特币涨至8.65万美元后回落
👉 仓位结构怎么看，币安聊天室跟进
BTC hit $86,500 and then turned back down.
The starting point of this pullback is above 86,000.
The funding rate briefly rose to 10%.
Longs are bidding up prices to抢 for positions, which raises their average holding costs.
Open interest has returned to around $56.2 billion.
It’s been a fast rise, but positions are more restrained than at the previous peak.
Spot buying hasn’t stopped.
Last week, U.S. spot ETF net inflows totaled $82.9 million.
Selling pressure mainly comes from short-term profit-taking.
A lot of chips have been stacked on both sides with leverage.
Once volatility shows up, liquidation cascades are easy to trigger.
The “backstop” from spot is more stable than that from derivatives.
On-chain signals are leaning bullish.
The share held by long-term addresses is increasing.
Exchange balances continue to trend downward.
The supply of coins is being gradually withdrawn.
This is different from a market driven purely by speculation.
More turnover happens over-the-counter.
For crypto, $86,500 is the line that separates bulls from bears.
With lighter positioning, there’s actually more upside room.
Going forward, the key thing to watch is whether the funding rate can get back within 5%.
Do you think BTC will first touch $90,000 next week, or drop back to $82,000 first? Let’s discuss in the comments.
👉 仓位结构怎么看，币安聊天室跟进
BTC hit $86,500 and then turned back down.
The starting point of this pullback is above 86,000.
The funding rate briefly rose to 10%.
Longs are bidding up prices to抢 for positions, which raises their average holding costs.
Open interest has returned to around $56.2 billion.
It’s been a fast rise, but positions are more restrained than at the previous peak.
Spot buying hasn’t stopped.
Last week, U.S. spot ETF net inflows totaled $82.9 million.
Selling pressure mainly comes from short-term profit-taking.
A lot of chips have been stacked on both sides with leverage.
Once volatility shows up, liquidation cascades are easy to trigger.
The “backstop” from spot is more stable than that from derivatives.
On-chain signals are leaning bullish.
The share held by long-term addresses is increasing.
Exchange balances continue to trend downward.
The supply of coins is being gradually withdrawn.
This is different from a market driven purely by speculation.
More turnover happens over-the-counter.
For crypto, $86,500 is the line that separates bulls from bears.
With lighter positioning, there’s actually more upside room.
Going forward, the key thing to watch is whether the funding rate can get back within 5%.
Do you think BTC will first touch $90,000 next week, or drop back to $82,000 first? Let’s discuss in the comments.
