Funding cooling off, open interest dropping, and $BTC holding structure — bearish surface read, but the setup's more interesting than it looks.
If this continues, it's classic leverage flush. Overextended longs getting washed out before the next leg. Market's cleaning house, not breaking down.
Watch the structure. If support holds while OI bleeds and funding resets, that's your tell. Next move could be cleaner and stronger once the froth's gone.
If this continues, it's classic leverage flush. Overextended longs getting washed out before the next leg. Market's cleaning house, not breaking down.
Watch the structure. If support holds while OI bleeds and funding resets, that's your tell. Next move could be cleaner and stronger once the froth's gone.
