#cryptotradingpro #metrics
đ Bitcoin ($BTC ): Analysis of the $62k - $80k Momentum and What the Market Expects Next
Bitcoin demonstrated a powerful bullish rally, confidently renewing local highs. Let's analyze what was really happening behind the scenes of the chart and what to prepare for.
đ What do the metrics say?
âĄïž Growth Driver â Spot and Delta: The CVD chart clearly shows explosive market buying (especially on Binance and OKX). This was not just passive growth, but aggressive buying of supply.
âĄïž Short squeeze at $500M+: The breakout was accompanied by a massive liquidation of short positions in the range of August 19â20, which additionally âpushedâ the price to the $80,000 mark.
âĄïž No overheating: The Funding Rate quickly stabilized in the normal range after a short-term surge. The 3-month Basis is holding at ~4.5%â5%. This means that the market is not overloaded with panicked longs with leverage.
âĄïž Consolidation: The price is currently stuck in the $77kâ$79k range, and open interest (OI) remains high (~$18bâ$20b). Capital is not leaving the market.
đŠ Conclusions and scenarios
We see a healthy bullish trend due to the accumulation phase. The market is digesting the previous growth before choosing the next direction.
đą Priority (Bullish): Holding the support zone of $75kâ$76k leaves a high probability of a retest of $80k and further movement to new ATHs.
đĄ Alternative (Cool-off): A break of $75k may trigger local profit-taking and a cascade closure of longs with a capitulation to the $70kâ$72k zone to collect liquidity.
đ Bitcoin ($BTC ): Analysis of the $62k - $80k Momentum and What the Market Expects Next
Bitcoin demonstrated a powerful bullish rally, confidently renewing local highs. Let's analyze what was really happening behind the scenes of the chart and what to prepare for.
đ What do the metrics say?
âĄïž Growth Driver â Spot and Delta: The CVD chart clearly shows explosive market buying (especially on Binance and OKX). This was not just passive growth, but aggressive buying of supply.
âĄïž Short squeeze at $500M+: The breakout was accompanied by a massive liquidation of short positions in the range of August 19â20, which additionally âpushedâ the price to the $80,000 mark.
âĄïž No overheating: The Funding Rate quickly stabilized in the normal range after a short-term surge. The 3-month Basis is holding at ~4.5%â5%. This means that the market is not overloaded with panicked longs with leverage.
âĄïž Consolidation: The price is currently stuck in the $77kâ$79k range, and open interest (OI) remains high (~$18bâ$20b). Capital is not leaving the market.
đŠ Conclusions and scenarios
We see a healthy bullish trend due to the accumulation phase. The market is digesting the previous growth before choosing the next direction.
đą Priority (Bullish): Holding the support zone of $75kâ$76k leaves a high probability of a retest of $80k and further movement to new ATHs.
đĄ Alternative (Cool-off): A break of $75k may trigger local profit-taking and a cascade closure of longs with a capitulation to the $70kâ$72k zone to collect liquidity.