🚨 Spot and Perps are no longer telling the same story. $BTC continues pushing toward fresh local highs, but the order flow underneath looks very different. 📉 Coinbase Premium: -0.06% (improving, but still negative) 📉 Spot CVD: -261.82M (limited aggressive buying) 📈 Perpetual CVD: rising 📈 Funding: positive (leveraged longs driving the move) Futures are leading. Spot demand is lagging. This can continue higher, especially with liquidity around 64.4K, but a sustainable breakout needs spot buyers to show up. Key levels: - Resistance: 64.39K -> 64.50K - Support: 64.14K - Next support: 63.80K Watching whether spot demand confirms the move. If not, this rally stays leverage-driven and increases the probability of a liquidity sweep followed by a pullback. What are you watching here - Spot or Perps? 👇
La presión vendedora en altcoins acaba de romper un nuevo mínimo multianual. ⚠️
La diferencia acumulada entre volumen de compra/venta (alts excluyendo BTC/ETH) alcanzó un extremo de 5 años en junio. Ahora está aún más baja.
La línea de tendencia roja cuenta la historia: fuerte reversión desde el pico de inicios de 2025 → venta neta implacable en spot. Sin rebote. Sin pausa. Solo distribución.