đ $ETH market structure improving post-Binance leverage flush, but still no real buyers stepping in.
CryptoQuant data shows the reset happened, yet bid-side remains anemic. Classic dead cat bounce setup unless spot volume actually shows up.
Watch for:
âą Spot CVD turning positive
âą Open interest stabilizing without another dump
âą BTC correlation breaking
Until then, this is just cleanup from overlevered longs getting nuked. No conviction yet.
CryptoQuant data shows the reset happened, yet bid-side remains anemic. Classic dead cat bounce setup unless spot volume actually shows up.
Watch for:
âą Spot CVD turning positive
âą Open interest stabilizing without another dump
âą BTC correlation breaking
Until then, this is just cleanup from overlevered longs getting nuked. No conviction yet.