#cryptotradingpro #metrics #BTC
đ $BTC / USD: Market Analysis and Key Metrics
After attempting an impulse breakout to levels of ~$81,000, Bitcoin has entered a phase of local consolidation and is currently trading in the range of $78,000 - $79,000.
Let's analyze what is happening in the market and what to watch closely:
âĄïž Volumes and CVD (Cumulative Volume Delta):
After the peak surge in volumes on August 25-26, activity has subsided. The decrease in CVD (especially on Binance and Bybit) indicates the dominance of aggressive market sellers during the pullback, but the price holds key levels.
âĄïž Open Interest (OI) and Funding:
Open interest remains high (~$20B), but the Funding Rate has smoothed out to neutral values. This is a great signal: the market has unloaded itself from excessive leverage and risky longs (which is also confirmed by the wave of liquidations of $25Mâ$45M during the spill).
âĄïž Cumulative Return:
The main driver of the current movement is the EU and US sessions â thatâs where the main growth momentum took place. The Asian region (APAC) is still showing passivity.
đŠ Conclusion and scenarios:
The market is in a healthy cumulative pause. Big players are holding the price back without the risk of a panic dump.
đą Bullish Case: Holding the support zone of $77,500 â $78,000 paves the way for a retest of $81,000+ with the potential for a new high.
đŽ Bearish Case: A loss of $77,000 will send the price to withdraw liquidity to the $75,500 area.
â ïž We are following the reaction to the discovery of the Americans! đ§ đ
đ $BTC / USD: Market Analysis and Key Metrics
After attempting an impulse breakout to levels of ~$81,000, Bitcoin has entered a phase of local consolidation and is currently trading in the range of $78,000 - $79,000.
Let's analyze what is happening in the market and what to watch closely:
âĄïž Volumes and CVD (Cumulative Volume Delta):
After the peak surge in volumes on August 25-26, activity has subsided. The decrease in CVD (especially on Binance and Bybit) indicates the dominance of aggressive market sellers during the pullback, but the price holds key levels.
âĄïž Open Interest (OI) and Funding:
Open interest remains high (~$20B), but the Funding Rate has smoothed out to neutral values. This is a great signal: the market has unloaded itself from excessive leverage and risky longs (which is also confirmed by the wave of liquidations of $25Mâ$45M during the spill).
âĄïž Cumulative Return:
The main driver of the current movement is the EU and US sessions â thatâs where the main growth momentum took place. The Asian region (APAC) is still showing passivity.
đŠ Conclusion and scenarios:
The market is in a healthy cumulative pause. Big players are holding the price back without the risk of a panic dump.
đą Bullish Case: Holding the support zone of $77,500 â $78,000 paves the way for a retest of $81,000+ with the potential for a new high.
đŽ Bearish Case: A loss of $77,000 will send the price to withdraw liquidity to the $75,500 area.
â ïž We are following the reaction to the discovery of the Americans! đ§ đ