The European session couldn’t hold the recovery—it only lasted an hour.
BTC has now closed five consecutive weekly candles in the red. The market narrative is that the European session opened and erased the losses. On Binance spot, BTC rose 0.95% during that one-hour London session. Trading volume in the same hour was 112.9 million dollars, the heaviest hour since the wick. In the following hour, volume fell to 44.6 million dollars—just 40% of that. Price reversed and fell 0.38%.
Let’s run the numbers: over the same ten full hours today, $ETH traded 393.9 million dollars, 2.04 times the volume during the same period on the previous five trading days. BTC was only at 1.17 times its usual volume. The surge in volume was in the deepest order book, not in smaller-cap assets.
That means tonight’s U.S. market open isn’t here to save the day—it’s here to set the price. I’m bearish in the short term, but not on the structure: $SUI is down just 3.15%, $ZEC is down 4.26%, and $ETH is down 5.74%. The declines are tracking positioning, not market cap.
Tonight, I’m watching just three things: volume in the first hour after the open, whether $ETH can hold the European session low of 2,083, and whether BTC can stay above 74,000.
One thing I’m watching closely: if BTC volume tops 150 million dollars during the first hour of the U.S. session and the price closes back above 75,000, I’ll change my tune—that’s buyers stepping in, not price discovery.
Your call: wait for volume to pick up in the U.S. session before adding, or follow this hour in Europe right now?
$SUI $ZEC $ETH #BinanceSquare #Sui #BitcoinFiveWeeklyLosses
Crypto assets are high-risk. The above is my personal observation and does not constitute investment advice. Please make your own judgment (DYOR).
BTC has now closed five consecutive weekly candles in the red. The market narrative is that the European session opened and erased the losses. On Binance spot, BTC rose 0.95% during that one-hour London session. Trading volume in the same hour was 112.9 million dollars, the heaviest hour since the wick. In the following hour, volume fell to 44.6 million dollars—just 40% of that. Price reversed and fell 0.38%.
Let’s run the numbers: over the same ten full hours today, $ETH traded 393.9 million dollars, 2.04 times the volume during the same period on the previous five trading days. BTC was only at 1.17 times its usual volume. The surge in volume was in the deepest order book, not in smaller-cap assets.
That means tonight’s U.S. market open isn’t here to save the day—it’s here to set the price. I’m bearish in the short term, but not on the structure: $SUI is down just 3.15%, $ZEC is down 4.26%, and $ETH is down 5.74%. The declines are tracking positioning, not market cap.
Tonight, I’m watching just three things: volume in the first hour after the open, whether $ETH can hold the European session low of 2,083, and whether BTC can stay above 74,000.
One thing I’m watching closely: if BTC volume tops 150 million dollars during the first hour of the U.S. session and the price closes back above 75,000, I’ll change my tune—that’s buyers stepping in, not price discovery.
Your call: wait for volume to pick up in the U.S. session before adding, or follow this hour in Europe right now?
$SUI $ZEC $ETH #BinanceSquare #Sui #BitcoinFiveWeeklyLosses
Crypto assets are high-risk. The above is my personal observation and does not constitute investment advice. Please make your own judgment (DYOR).
