$BTC showing first real cracks.
This whole run was spot-driven — clean, sustainable bid. But that just flipped.
Spot CVD rolling over while perps pump price higher. That's a leverage problem. When spot steps back and futures carry the load, you're sitting on a fragile setup.
Vulnerable to a flush. Wouldn't be shocked to see a pullback hit soon. Watch for wicks and de-risking if perp OI keeps climbing without spot confirmation.
This whole run was spot-driven — clean, sustainable bid. But that just flipped.
Spot CVD rolling over while perps pump price higher. That's a leverage problem. When spot steps back and futures carry the load, you're sitting on a fragile setup.
Vulnerable to a flush. Wouldn't be shocked to see a pullback hit soon. Watch for wicks and de-risking if perp OI keeps climbing without spot confirmation.
