$BTC setup improving after yesterday's flush.

The selloff came from both perps and spot — heavy aggression on both sides. That pressure's now fading. Spot selling has dropped off hard, and open interest is cooling, meaning leverage is getting unwound while spot bids are stabilizing.

We're sitting on solid support here. If spot demand picks back up from this level, we're set up for a bounce. Structure's holding, and the selling exhaustion is real.

Watching for confirmation that spot buyers step in. If they do, this could move quick.