🚨 Bitcoin Under Pressure: $60K Battleground 🚨
Bitcoin is currently hovering just under the critical psychological level of $59,800, keeping the market in a highly tense spot.
Here are the key takeaways from the latest data:
The $1 Billion Wall: There is a massive $1 Billion in Put Open Interest anchored at the $60,000 strike on Deribit, serving as the main floor defense.
Bearish CVD Signals: Cumulative Volume Delta (CVD) remains firmly negative across almost every major token, indicating consistent selling pressure and ongoing downside risk.
Next Support Level: If the bulls fail to reclaim and hold the $60,000 zone, the next major cluster of support sits lower at $50,000.
Bitcoin is currently hovering just under the critical psychological level of $59,800, keeping the market in a highly tense spot.
Here are the key takeaways from the latest data:
The $1 Billion Wall: There is a massive $1 Billion in Put Open Interest anchored at the $60,000 strike on Deribit, serving as the main floor defense.
Bearish CVD Signals: Cumulative Volume Delta (CVD) remains firmly negative across almost every major token, indicating consistent selling pressure and ongoing downside risk.
Next Support Level: If the bulls fail to reclaim and hold the $60,000 zone, the next major cluster of support sits lower at $50,000.