$BTC 64,500, and with less than 45% of supply in profit the crowd is still leaning long: 2.86 long accounts for every short on Binance perps.
What I see: open interest down 1.4% in 3 hours, funding flat at 0.00%, and takers sold a bit more than they bought over 24h. The 1 day liquidation map has its biggest long bar near 63,400 (about 40M) and shorts stacked from 66,250 to 66,700.
What I think: touch odds within 24h are about 66% for 63,400 and 49% for 66,250.
What changes my mind: open interest rising while price holds above 65,000. That would be new longs, not just a relief bounce.
Tonight I score this call. Follow to see if it hits.
Not financial advice.
63,400 or 66,250 first?
#BitcoinActiveSupplyInProfitDropsBelow45% #BTC #CryptoMarket
What I see: open interest down 1.4% in 3 hours, funding flat at 0.00%, and takers sold a bit more than they bought over 24h. The 1 day liquidation map has its biggest long bar near 63,400 (about 40M) and shorts stacked from 66,250 to 66,700.
What I think: touch odds within 24h are about 66% for 63,400 and 49% for 66,250.
What changes my mind: open interest rising while price holds above 65,000. That would be new longs, not just a relief bounce.
Tonight I score this call. Follow to see if it hits.
Not financial advice.
63,400 or 66,250 first?
#BitcoinActiveSupplyInProfitDropsBelow45% #BTC #CryptoMarket
