75% of BTC futures accounts are long right now. That's 3 longs for every 1 short. 👀
$BTC is at $72.86k, down 1.3% on the day, after getting rejected at $74.8k. Funding is only +0.007%, so longs aren't paying much, but the crowd is lopsided and the 24h low at $72.73k is sitting right under price.
If that low breaks, crowded longs get squeezed first. If it holds, a reclaim of $74.8k would put the shorts under pressure.
Levels I'm watching: $72.7k support, $74.8k resistance.
Not financial advice, just positioning math.
#BTC #Futures #MarketAnalysis
Does $72.7k hold today, yes or no?
$BTC is at $72.86k, down 1.3% on the day, after getting rejected at $74.8k. Funding is only +0.007%, so longs aren't paying much, but the crowd is lopsided and the 24h low at $72.73k is sitting right under price.
If that low breaks, crowded longs get squeezed first. If it holds, a reclaim of $74.8k would put the shorts under pressure.
Levels I'm watching: $72.7k support, $74.8k resistance.
Not financial advice, just positioning math.
#BTC #Futures #MarketAnalysis
Does $72.7k hold today, yes or no?