On-Chain Data — BTC 📊
The on-chain picture is starting to get interesting. 👀
$BTC appears to be winding down the short OI build-up, while large buy trades have started picking up.
But there’s one thing still missing:
🟡 Spot buying has yet to show strong confirmation.
This could simply be because it’s the weekend — or perhaps whales are still waiting for lower prices to enter.
Interestingly, whales and top traders are also sitting largely delta-neutral right now.
So the big question is:
Are whales preparing for the next move, or simply waiting for a better entry?
Let’s see what the next few sessions bring. 🔍
#BTC #OnChain #Crypto #CryptoMarket #BinanceSquare $BTC $ETH
The on-chain picture is starting to get interesting. 👀
$BTC appears to be winding down the short OI build-up, while large buy trades have started picking up.
But there’s one thing still missing:
🟡 Spot buying has yet to show strong confirmation.
This could simply be because it’s the weekend — or perhaps whales are still waiting for lower prices to enter.
Interestingly, whales and top traders are also sitting largely delta-neutral right now.
So the big question is:
Are whales preparing for the next move, or simply waiting for a better entry?
Let’s see what the next few sessions bring. 🔍
#BTC #OnChain #Crypto #CryptoMarket #BinanceSquare $BTC $ETH