On-chain data anomalies look alarming: 2.29 billion moved in three hours, but net inflows were only 157.5 million. Most of it was wallet reshuffling and institutional settlements, so selling pressure is limited. BTC whale holdings have hit an all-time high, while exchange reserves have fallen to their lowest level since 2020, showing that long-term holders are clearly locking up their coins.

But the technical picture is still bearish: the MACD green bars are widening, and the current price of 74522 is near the lower edge of the dense long-stop-loss zone between 74500 and 75500. I just finished delivering an order and climbed six flights of stairs. The debt-collection calls haven’t stopped, so I don’t have time to dwell on it. If this zone gives way, the next target below is the strong long-liquidation zone at 73135.

Here are the exact trade levels: Short in batches on a rebound to 74800–75200, with a stop above 75600 and a take-profit at 73500. If it breaks below that, look to close everything at 73135. If it drops straight through 74300, open a small short position, with a stop at 74650 and a target of 73135.

$BTC
#纳指期货盘前上涨2%