Overnight was anything but calm. The Nasdaq 100 fell 5.5% this week, its worst week in 18 months; the weekly gap between the Dow and the Nasdaq widened to its largest since July 2002. U.S. tech stocks are being repriced.
Meanwhile, $BTC rose 0.55% overnight to 81,560, with a high of 81,775 and a low of 80,813. The 80,000 level still hasn't given way. $ETH 2,407 (-0.63%) and $SOL 103.65 (-0.78%) are both moving sideways, pretending to sleep.
That's the quick update. Now for the analysis. BTC funding is +0.0069%—longs are still willing to pay; ETH is at +0.0019%, basically back to zero; SOL has turned negative (-0.0014%), so shorts are starting to collect interest. In plain English: longs are only willing to stick with BTC; they won't even pay funding on the others. BTC open interest is $2.5 billion, and neither bulls nor bears have dared to take on a big position.
What does this mean for your positions? Today, keep an eye on this narrow range: 80,000–81,775. My view: if 80,000 holds through the day, BTC will most likely test 82,500 tonight; if the 4-hour candle closes below 80,000, that view is invalidated, and the next level to watch is around 78,500.
These figures are based on live market data from this morning: 24-hour price changes and real-time funding rates, with no filters. Do you think 80,000 will hold today? If it doesn't, what's the first thing you'll do? I'll be back with the morning update every day—give me a follow so you don't miss it.
#Nasdaq100Falls5.5PercentThisWeekItsBiggestWeeklyDropIn18Months
Meanwhile, $BTC rose 0.55% overnight to 81,560, with a high of 81,775 and a low of 80,813. The 80,000 level still hasn't given way. $ETH 2,407 (-0.63%) and $SOL 103.65 (-0.78%) are both moving sideways, pretending to sleep.
That's the quick update. Now for the analysis. BTC funding is +0.0069%—longs are still willing to pay; ETH is at +0.0019%, basically back to zero; SOL has turned negative (-0.0014%), so shorts are starting to collect interest. In plain English: longs are only willing to stick with BTC; they won't even pay funding on the others. BTC open interest is $2.5 billion, and neither bulls nor bears have dared to take on a big position.
What does this mean for your positions? Today, keep an eye on this narrow range: 80,000–81,775. My view: if 80,000 holds through the day, BTC will most likely test 82,500 tonight; if the 4-hour candle closes below 80,000, that view is invalidated, and the next level to watch is around 78,500.
These figures are based on live market data from this morning: 24-hour price changes and real-time funding rates, with no filters. Do you think 80,000 will hold today? If it doesn't, what's the first thing you'll do? I'll be back with the morning update every day—give me a follow so you don't miss it.
#Nasdaq100Falls5.5PercentThisWeekItsBiggestWeeklyDropIn18Months