$BTC 84.8ku: Shaving beards at over 2k price—are you guys still determined to sit there holding a Long and just keep it?
Derivatives data:
• Top Trader: 66.1% committed to pressing Long (L/S ratio 1.95).
• OI: Stubbornly at 8.27 billion USDT, big money still tightly holding positions.
• Pullback around 84k, funding rate cools down to 0.0006%.
Scenario: If price drops headlong but the Long ship is still packed tight, the MM won’t be in a hurry to pull it up—watch out for getting cooked further with another leg down to test 82.5–83k. This part is stopping the vessel foolishly; switch to “sit tight” mode and wait for a full liquidity sweep before you go pick up your stuff.
$BTC #Crypto #BinanceSquare #Trading
Derivatives data:
• Top Trader: 66.1% committed to pressing Long (L/S ratio 1.95).
• OI: Stubbornly at 8.27 billion USDT, big money still tightly holding positions.
• Pullback around 84k, funding rate cools down to 0.0006%.
Scenario: If price drops headlong but the Long ship is still packed tight, the MM won’t be in a hurry to pull it up—watch out for getting cooked further with another leg down to test 82.5–83k. This part is stopping the vessel foolishly; switch to “sit tight” mode and wait for a full liquidity sweep before you go pick up your stuff.
$BTC #Crypto #BinanceSquare #Trading