Volume has pulled back first, but price is still stuck in place.
On the 11-05 daily candle, $BTC traded $20.752 billion over the full day, with an intraday range of 7.535%. Yesterday, volume was down to just $2.540 billion,
with a range of 0.901%. Same contracts, same people—the activity was down to just 12% of what it was.
I checked twice before I believed it.
After the money from those two selloff days pulled out, fresh buying never really came back. So for now, this price can only drift around slowly on the existing positions.
The high above, 84875.2, was set on 10-21; the low below, 74810.8, was the wick from the selloff on 11-06. The current price,
75741.8, is sitting just 9.25% of the way up from the bottom of that range.
The strangest thing about this market right now is that not a single position has left. Long accounts make up 75.50%,
open interest is down just 0.37% over 24 hours, and the funding rate is still positive at 0.005732%. Everyone's still here,
but the trading volume is gone—like the gates of a reservoir quietly closing halfway.
Liquidity has dried up in one place, while the divergence has widened: $ZEC is down 5.905% over these 24 hours,
while $ETH is down just 0.227%. The broader market has shrunk to a stagnant pool, while smaller coins are finding their own direction. It's like an ebbing tide: you can see at a glance who's been swimming naked.
I'll keep watching this level, but for now, I'm not making a move.
What do you think?
#比特币 #以太坊 #Crypto
The above is a record of my personal trading system and data observations; it does not constitute investment advice.
On the 11-05 daily candle, $BTC traded $20.752 billion over the full day, with an intraday range of 7.535%. Yesterday, volume was down to just $2.540 billion,
with a range of 0.901%. Same contracts, same people—the activity was down to just 12% of what it was.
I checked twice before I believed it.
After the money from those two selloff days pulled out, fresh buying never really came back. So for now, this price can only drift around slowly on the existing positions.
The high above, 84875.2, was set on 10-21; the low below, 74810.8, was the wick from the selloff on 11-06. The current price,
75741.8, is sitting just 9.25% of the way up from the bottom of that range.
The strangest thing about this market right now is that not a single position has left. Long accounts make up 75.50%,
open interest is down just 0.37% over 24 hours, and the funding rate is still positive at 0.005732%. Everyone's still here,
but the trading volume is gone—like the gates of a reservoir quietly closing halfway.
Liquidity has dried up in one place, while the divergence has widened: $ZEC is down 5.905% over these 24 hours,
while $ETH is down just 0.227%. The broader market has shrunk to a stagnant pool, while smaller coins are finding their own direction. It's like an ebbing tide: you can see at a glance who's been swimming naked.
I'll keep watching this level, but for now, I'm not making a move.
What do you think?
#比特币 #以太坊 #Crypto
The above is a record of my personal trading system and data observations; it does not constitute investment advice.
