$BTC MARKET MAKERS ARE DOING THEIR JOB ๐ณ๐ฉธ
If you don't want to fall into market traps and understand when they're liquidating retail, stick around because this is just the beginning ๐๐ฅ hit follow for more
Funding skyrocketed ๐
Open Interest rising ๐
Spot delta negative ๐
#etf and Coinbase dropping
#Spot again ๐ฆ๐ธ
The difference between January and now is simple ๐
๐ข In January, the price was rising with real buys
๐ด Now the price is falling while
#longs keeps pouring in like crazy ๐คฆโโ๏ธ
That means one thing:
Market makers are letting traders pay absurdly high funding while they liquidate them little by little ๐ฉธโฐ๏ธ
And the chart shows it clearly ๐
โข Funding at highs since January ๐จ
โข Price in a downtrend ๐
โข No strong buys in spot โ
โข Whales waiting lower ๐
When OI rises while BTC falls, it's usually not strengthโฆ it's excess leverage coming in late โ ๏ธ
That's why every bounce ends up being sold ๐
Most people think: โwe hit the bottomโ ๐คก
But the MM still shows no real interest in aggressively defending price ๐
Until strong spot volume appears and the funding cools down, the market remains vulnerable to more
#liquidaciones ๐ฉธ๐ฅ
Right now, the key zones are still ๐
๐ด Above: 75.5k - 77k
๐ข Below: 71k - 72.5k
And honestlyโฆ
The longs are still way too comfortable ๐ฌ
Do you think BTC has found the bottom or is there still one last cleanup before the real bounce? ๐๐