Spot trading volume was $930 million. Perpetual open interest stood at 94,911 coins, worth $7.9 billion. The funding rate of 0.0067% isn’t particularly high. The account long/short ratio is 1.37, and the top traders’ long/short ratio is 1.53, so it looks like longs still have the upper hand.
I checked the 7-day range: the current price is 46% of the way between the high of 86,725 and the low of 80,393, placing it in the lower-middle part of the range. Liquidations over the past 24 hours were only $1.33 million, so there hasn’t been any obvious one-sided squeeze. On the whale side, someone just sold 229 $BTC and swapped it for 7,469.8 $ETH . Both transactions were worth $19.1 million, which makes me think some funds are rotating between assets.
Thailand has finalized its rules for domestic Bitcoin ETFs, restricting retail investors from accessing overseas products. That’s a positive for local demand in the long run, but likely to have a limited impact on prices in the short term. A Fear and Greed Index reading of 69 is only moderately bullish, too. My main focus now is whether the price can hold above the key 83,000 level. If it breaks below, we’ll need to watch whether open interest and the long/short ratio shift quickly.
I checked the 7-day range: the current price is 46% of the way between the high of 86,725 and the low of 80,393, placing it in the lower-middle part of the range. Liquidations over the past 24 hours were only $1.33 million, so there hasn’t been any obvious one-sided squeeze. On the whale side, someone just sold 229 $BTC and swapped it for 7,469.8 $ETH . Both transactions were worth $19.1 million, which makes me think some funds are rotating between assets.
Thailand has finalized its rules for domestic Bitcoin ETFs, restricting retail investors from accessing overseas products. That’s a positive for local demand in the long run, but likely to have a limited impact on prices in the short term. A Fear and Greed Index reading of 69 is only moderately bullish, too. My main focus now is whether the price can hold above the key 83,000 level. If it breaks below, we’ll need to watch whether open interest and the long/short ratio shift quickly.