$BTC vs the 200D SMA: flows are the story 📊
BTC printed a daily low of 73,209 against the 200D SMA at 73,173, then bounced back to ~74.0k. The level is holding for now, but price alone doesn’t tell the full story.
The pressure is on the spot side:
US spot BTC ETFs: -$1.58B net since Nov 2 (7 sessions, 1 green day)
IBIT: red in all 7 sessions, ~-$1.5B
Nov 10: -$95M
Leverage is not overheated 👇
Funding: 0.0071% (7.8% annualized)
Open interest: $52.0B
24h liquidations: $199.6M, 84% longs
Key zones (Coinglass):
Resistance: 74.8k short liq cluster, 75k and 78k sell walls
Support: 72.9k buy wall, 72.5k long liq cluster
Options max pain: 74,000 ($663.5M, Nov 11-12 expiry)
Scenarios, not predictions:
200D holds and flows stabilize: 74.8k to 75k is the first test. A reclaim is not a confirmed retest.
Daily close below the 200D: 72.9k to 72.5k is the liquidity zone.
Range around 74k into expiry: expect noise.
Verify first. Risk later. Scale slowly. 🛡️
#BTC #BitcoinETF
BTC printed a daily low of 73,209 against the 200D SMA at 73,173, then bounced back to ~74.0k. The level is holding for now, but price alone doesn’t tell the full story.
The pressure is on the spot side:
US spot BTC ETFs: -$1.58B net since Nov 2 (7 sessions, 1 green day)
IBIT: red in all 7 sessions, ~-$1.5B
Nov 10: -$95M
Leverage is not overheated 👇
Funding: 0.0071% (7.8% annualized)
Open interest: $52.0B
24h liquidations: $199.6M, 84% longs
Key zones (Coinglass):
Resistance: 74.8k short liq cluster, 75k and 78k sell walls
Support: 72.9k buy wall, 72.5k long liq cluster
Options max pain: 74,000 ($663.5M, Nov 11-12 expiry)
Scenarios, not predictions:
200D holds and flows stabilize: 74.8k to 75k is the first test. A reclaim is not a confirmed retest.
Daily close below the 200D: 72.9k to 72.5k is the liquidity zone.
Range around 74k into expiry: expect noise.
Verify first. Risk later. Scale slowly. 🛡️
#BTC #BitcoinETF