On-chain fees are up 25%—don’t automatically call that a win for the bulls.
$BTC Binance 82,077, down 0.8% on the day and 1.3% off the high.
Daily fees are about 205K (+25%); OKX longs’ funding rate is capped at 0.01%.
HL open interest is about 3.26B / 1.90B in daily volume, a ratio of 1.7.
On-chain activity is hot and funding is maxed, but price is softening first—I’m betting this is a gas spike. To prove me wrong, first watch whether price can reclaim 83,158.
#BTC费用 #OnChainRhythm
$BTC Binance 82,077, down 0.8% on the day and 1.3% off the high.
Daily fees are about 205K (+25%); OKX longs’ funding rate is capped at 0.01%.
HL open interest is about 3.26B / 1.90B in daily volume, a ratio of 1.7.
On-chain activity is hot and funding is maxed, but price is softening first—I’m betting this is a gas spike. To prove me wrong, first watch whether price can reclaim 83,158.
#BTC费用 #OnChainRhythm