Bitcoin ran $62K to $81K on short covering. The fuel tank is now empty.
BTC futures open interest just fell to 587,584 BTC — a 5-month low, down from 645,760 on Aug 14 (CoinDesk). Funding held under 10% annualized. Translation: shorts got squeezed out, and almost no new longs stepped in behind them.
Tonight Nvidia reports Q2 after the US close, consensus near $91.9B revenue (Investing.com). Crypto is the highest-beta expression of AI-liquidity sentiment — and it walks into that print with the thinnest futures book in five months. Thin books amplify moves in both directions.
Price is back near $78.5K after tagging $81K. The levels traders are watching: $77K support, $81K resistance. $BTC $ETH $SOL
Sizing down into the Nvidia print, or is thin positioning exactly why you want the risk?
#Write2Earn #Bitcoin #NvidiaEarnings #CryptoNews
Not financial advice. DYOR.
BTC futures open interest just fell to 587,584 BTC — a 5-month low, down from 645,760 on Aug 14 (CoinDesk). Funding held under 10% annualized. Translation: shorts got squeezed out, and almost no new longs stepped in behind them.
Tonight Nvidia reports Q2 after the US close, consensus near $91.9B revenue (Investing.com). Crypto is the highest-beta expression of AI-liquidity sentiment — and it walks into that print with the thinnest futures book in five months. Thin books amplify moves in both directions.
Price is back near $78.5K after tagging $81K. The levels traders are watching: $77K support, $81K resistance. $BTC $ETH $SOL
Sizing down into the Nvidia print, or is thin positioning exactly why you want the risk?
#Write2Earn #Bitcoin #NvidiaEarnings #CryptoNews
Not financial advice. DYOR.
