$BTC $85K Is Becoming Key
Quite a few late longs got trapped above $86K today, but we still haven’t seen a meaningful open-interest flush.
That makes $85K an important short-term level to watch. If BTC loses it and the trapped longs start unwinding, downside could accelerate quickly.
There are also near-equal lows sitting below, which could act as a liquidity target if sellers gain control.
At the same time, whale CVD shows buying activity returning from larger participants while retail activity remains relatively muted. So the bigger question is whether that whale demand can absorb the trapped-long supply.
For now, $85K is the line I’m watching.
Quite a few late longs got trapped above $86K today, but we still haven’t seen a meaningful open-interest flush.
That makes $85K an important short-term level to watch. If BTC loses it and the trapped longs start unwinding, downside could accelerate quickly.
There are also near-equal lows sitting below, which could act as a liquidity target if sellers gain control.
At the same time, whale CVD shows buying activity returning from larger participants while retail activity remains relatively muted. So the bigger question is whether that whale demand can absorb the trapped-long supply.
For now, $85K is the line I’m watching.