This morning’s session, honestly, feels like a lot of effort for nothing.
$BTC touched 84,200 early on, but is back at 83,546 now, up 0.81%; $ETH 2,545 is up 1.72%; $SOL 211.56 is up 2.00%, the strongest of the three. The story about Ledger implanting chips is still trending on the feed, with over 220,000 views, but the market hasn’t reacted at all. It’s still grinding sideways.
Here’s the strange part: prices haven’t broken down, but funding rates have turned timid. BTC is at -0.0008%, ETH at -0.0002%—longs aren’t even willing to pay interest. SOL is the opposite: its funding rate is +0.0092%, close to 0.01%, so longs there are already paying a premium. Be careful. BTC open interest is also still at $2.45 billion, with no increase; leverage hasn’t entered the market at all.
What does this mean for positioning? U.S. Treasury markets are closed today, Monday, so liquidity is thin. I’m not treating this small gain as a signal. This afternoon, I’m watching just one range: if price holds above 84,200 on increased volume, then the breakout is confirmed and we can talk about further upside. If it drops below 82,800, my earlier breakout call is invalidated—I’ll treat it as a false breakout. Wednesday at 20:30, when CPI is released, is the real test. Don’t get caught by a wick today.
Which way do you think it goes today: 84,200 first, or 82,800?
#比特币 #CPI #Ledger confirms users' devices were implanted with unauthorized hardware
$BTC touched 84,200 early on, but is back at 83,546 now, up 0.81%; $ETH 2,545 is up 1.72%; $SOL 211.56 is up 2.00%, the strongest of the three. The story about Ledger implanting chips is still trending on the feed, with over 220,000 views, but the market hasn’t reacted at all. It’s still grinding sideways.
Here’s the strange part: prices haven’t broken down, but funding rates have turned timid. BTC is at -0.0008%, ETH at -0.0002%—longs aren’t even willing to pay interest. SOL is the opposite: its funding rate is +0.0092%, close to 0.01%, so longs there are already paying a premium. Be careful. BTC open interest is also still at $2.45 billion, with no increase; leverage hasn’t entered the market at all.
What does this mean for positioning? U.S. Treasury markets are closed today, Monday, so liquidity is thin. I’m not treating this small gain as a signal. This afternoon, I’m watching just one range: if price holds above 84,200 on increased volume, then the breakout is confirmed and we can talk about further upside. If it drops below 82,800, my earlier breakout call is invalidated—I’ll treat it as a false breakout. Wednesday at 20:30, when CPI is released, is the real test. Don’t get caught by a wick today.
Which way do you think it goes today: 84,200 first, or 82,800?
#比特币 #CPI #Ledger confirms users' devices were implanted with unauthorized hardware