$BTC isn’t showing much strength here — price is still trading inside critical support while spot keeps selling.
Spot CVD just hit its lowest level in almost a month. That’s aggressive selling, not just distribution into strength.
At the same time, OI is starting to climb again, meaning fresh leverage is coming back into the market.
That’s already a sketchy setup — rising OI while spot sells off — but doing it right at major support makes it even more dangerous. If buyers don’t step in fast, this zone could break and trigger the flush everyone has been waiting for.
If support fails here, we could see a proper retrace instead of just another wick.
Watch for a reclaim. If we don’t get one, downside is likely next.
This isn’t a dip to fade yet.
$BTC #Binance
Spot CVD just hit its lowest level in almost a month. That’s aggressive selling, not just distribution into strength.
At the same time, OI is starting to climb again, meaning fresh leverage is coming back into the market.
That’s already a sketchy setup — rising OI while spot sells off — but doing it right at major support makes it even more dangerous. If buyers don’t step in fast, this zone could break and trigger the flush everyone has been waiting for.
If support fails here, we could see a proper retrace instead of just another wick.
Watch for a reclaim. If we don’t get one, downside is likely next.
This isn’t a dip to fade yet.
$BTC #Binance
