#Binance has processed $4.65 billion in withdrawals. The withdrawal issue is settled, but $BTC is still playing dead in place, and altcoins took the first hit.
Where’s the panic we were promised? The market’s acting like nothing happened, but total market cap is still falling, with funds moving out of altcoins and back into Bitcoin.
I’m leaning bullish, but not expecting an immediate takeoff. Open interest in futures is still declining, leverage is coming off, and no one’s rushing to bet on a direction. The top traders’ long/short ratio leans bullish, and aggressive buying has also been strong over the past hour—there are buyers stepping in at this level.
But spot trading volume is shrinking as the market moves sideways; it’ll take more to push up to 81971. If it breaks below 76326 first, that strength was fake.
Will it hit 81971 or 76326 first? Pick one.
#比特币 #Binance
Where’s the panic we were promised? The market’s acting like nothing happened, but total market cap is still falling, with funds moving out of altcoins and back into Bitcoin.
I’m leaning bullish, but not expecting an immediate takeoff. Open interest in futures is still declining, leverage is coming off, and no one’s rushing to bet on a direction. The top traders’ long/short ratio leans bullish, and aggressive buying has also been strong over the past hour—there are buyers stepping in at this level.
But spot trading volume is shrinking as the market moves sideways; it’ll take more to push up to 81971. If it breaks below 76326 first, that strength was fake.
Will it hit 81971 or 76326 first? Pick one.
#比特币 #Binance
