$BTC down, target $73,800. A close above $77,200 and I'm wrong.
USDT circulating supply just fell $717.95M in a day and $3.09B over 7 days. USDC lost $149.74M on the day. Less stablecoin float, less dry powder to bid the dip.
Retail long ratio on BTC sits at 3.12. That is one-sided leverage waiting for a worse fill.
$74,888 is the low that broke the sequence. Which comes first, $73,800 or $77,200?
USDT circulating supply just fell $717.95M in a day and $3.09B over 7 days. USDC lost $149.74M on the day. Less stablecoin float, less dry powder to bid the dip.
Retail long ratio on BTC sits at 3.12. That is one-sided leverage waiting for a worse fill.
$74,888 is the low that broke the sequence. Which comes first, $73,800 or $77,200?
