On-chain lending cleared out around $39 million in two days, but the market didn’t collapse along with it.
Capital has split into different directions.
$BTC showed the strongest resilience among major assets, with big money clearly still defending the core line.
$INJ plunged more than 12% to lead the market lower, while buying support below completely dried up. Too weak.
$APT also fell sharply, but negative funding rates combined with a more than 6% increase in open interest have pushed shorts to the limit. A sharp reversal and short squeeze could happen at any moment.
For $BTC , watch whether the rebound can break through 65,850. If it gets rejected and falls back, keep an eye on the 63,250 level.
Stick with strength; don’t buy weakness.
The market is still sorting out strong and weak structures. Staying positioned in directions with capital backing is what helps you go the distance.
#Crypto #BTC
Capital has split into different directions.
$BTC showed the strongest resilience among major assets, with big money clearly still defending the core line.
$INJ plunged more than 12% to lead the market lower, while buying support below completely dried up. Too weak.
$APT also fell sharply, but negative funding rates combined with a more than 6% increase in open interest have pushed shorts to the limit. A sharp reversal and short squeeze could happen at any moment.
For $BTC , watch whether the rebound can break through 65,850. If it gets rejected and falls back, keep an eye on the 63,250 level.
Stick with strength; don’t buy weakness.
The market is still sorting out strong and weak structures. Staying positioned in directions with capital backing is what helps you go the distance.
#Crypto #BTC
