#BTC whale selling pressure is easing, and ETF funds have recorded net inflows for three consecutive weeks. Risk appetite is recovering, but this has yet to carry over to SKHYNIX, which I believe remains in a passive deleveraging phase. The funding rate is as high as 0.1000%, with longs crowded, while coin-denominated open interest remains elevated at 35,000; sentiment is strongly skewed bullish. Down 3.1% over 24 hours, the price is at 1289.3, just 0.59% above the 4-hour low, with bears controlling the pace. Trading volume is only 73,000. On lower volume, buy orders stand at 401 versus 146 sell orders, a strength ratio of 2.75. Bid orders are providing support, but buying absorption is weak, making the rebound momentum questionable. Strategy: try a small long at 1287.2, with a stop loss at 1278.5 and a target of 1312.6; if the price rallies to 1336.8 and meets resistance, reverse to a short, with a stop loss at 1344.2. Keep the position below 20%, and beware of a long squeeze while the funding rate is positive.

——These are just personal views and do not constitute investment advice. Wishing you successful trading.——

$SKHYNIX#BTC whale selling pressure eases, with ETF funds recording net inflows for three consecutive weeks