73% of BTC futures accounts are long, yet funding is slightly NEGATIVE (-0.0003%). 🤔
That's a split: lots of small accounts betting on a bounce, while bigger money pays a hair to be short. Crowd long, whales hedged.
$BTC 64,750 (-1.4% on 24h), range 62,006 to 66,190. $ETH 1,810, $SOL 71.2 lagging at -3.6%.
Why it matters: if 66.2K breaks, shorts get squeezed. If 62K goes, a crowd of longs gets flushed. Neither side is comfortable going into Monday's ETF reopen.
#BTC #Bitcoin #CryptoMarket
Which breaks first: 66.2K up or 62K down?
That's a split: lots of small accounts betting on a bounce, while bigger money pays a hair to be short. Crowd long, whales hedged.
$BTC 64,750 (-1.4% on 24h), range 62,006 to 66,190. $ETH 1,810, $SOL 71.2 lagging at -3.6%.
Why it matters: if 66.2K breaks, shorts get squeezed. If 62K goes, a crowd of longs gets flushed. Neither side is comfortable going into Monday's ETF reopen.
#BTC #Bitcoin #CryptoMarket
Which breaks first: 66.2K up or 62K down?