$BTC internals are turning bearish.
Price is gradually rolling over. OI had been flattening, but it’s now starting to pick up again on the lower timeframes. Perps are selling, and spot is finally joining the move — that’s the key signal.
This looks like a bearish retest heading into the NY open. If that level fails, the next move could be a breakdown.
Keep an eye on this combo:
• Spot selling with conviction
• OI starting to rise again
That suggests fresh positions are entering rather than it being purely leverage-driven noise.
Feels like BTC may be getting close to a bigger move lower.
NFA. Manage risk.
#BTC #Bitcoin #Crypto #OptionsExpiry
Price is gradually rolling over. OI had been flattening, but it’s now starting to pick up again on the lower timeframes. Perps are selling, and spot is finally joining the move — that’s the key signal.
This looks like a bearish retest heading into the NY open. If that level fails, the next move could be a breakdown.
Keep an eye on this combo:
• Spot selling with conviction
• OI starting to rise again
That suggests fresh positions are entering rather than it being purely leverage-driven noise.
Feels like BTC may be getting close to a bigger move lower.
NFA. Manage risk.
#BTC #Bitcoin #Crypto #OptionsExpiry
