Bitcoin just hit $86k after a 10% jump from last Sunday, but the one group with the deepest pockets is still selling.
That's the trap most traders fall into. They chase the green candles while missing the warning signs that usually precede a nasty reversal, leaving them holding bags when profit-takers unload.
Spot and perpetual buyers are leading this $BTC rally while leverage and profit-taking slowly climb with the price. That's how these moves often unwind, with a sudden flush of longs once the late buyers pile in. ETF flows are the one metric still heading the other direction, so institutions clearly aren't buying this the way they have in past rips. If that keeps up, this $86k print could mark a local top instead of the start of something bigger, especially as $ETH tends to get hit even harder in those leverage unwind scenarios.
Where do you think this $BTC setup goes from here?
#Bitcoin #OnChain #MacroInsights
That's the trap most traders fall into. They chase the green candles while missing the warning signs that usually precede a nasty reversal, leaving them holding bags when profit-takers unload.
Spot and perpetual buyers are leading this $BTC rally while leverage and profit-taking slowly climb with the price. That's how these moves often unwind, with a sudden flush of longs once the late buyers pile in. ETF flows are the one metric still heading the other direction, so institutions clearly aren't buying this the way they have in past rips. If that keeps up, this $86k print could mark a local top instead of the start of something bigger, especially as $ETH tends to get hit even harder in those leverage unwind scenarios.
Where do you think this $BTC setup goes from here?
#Bitcoin #OnChain #MacroInsights
