Just saw the $BTW update—pretty wild how it got slammed from an ATH of $2.75 straight down to around $1.85. It’s down in the low teens percentage-wise, and volume has dropped hard. Looks like it’s really cooling off after yesterday’s brutal rally.
It’s interesting to watch the $1.80 area now. Futures open interest has also shrunk quite a bit, and the funding rate is starting to turn negative. We’ll see if buyers step back in at $1.80 or if it keeps sliding to $1.50–$1.60. For now, keep an eye on where the volume shifts.
So, has anyone set buy orders lower down?
It’s interesting to watch the $1.80 area now. Futures open interest has also shrunk quite a bit, and the funding rate is starting to turn negative. We’ll see if buyers step back in at $1.80 or if it keeps sliding to $1.50–$1.60. For now, keep an eye on where the volume shifts.
So, has anyone set buy orders lower down?