$BTC BTC quick notes from the derivatives data:
• Current price around $67,900
• Strong liquidation liquidity sitting above at $68,700 – $69,000
• Another larger cluster around $69,600 – $70,000
• Funding is slightly negative (~-0.004%) → market leaning short
• Positioning shows about 51% shorts vs 49% longs
• Recently about $536K longs were liquidated vs only ~$52K shorts
Takeaway:
A move toward $68.7K – $69K looks like the nearest liquidity target if price pushes up.
• Current price around $67,900
• Strong liquidation liquidity sitting above at $68,700 – $69,000
• Another larger cluster around $69,600 – $70,000
• Funding is slightly negative (~-0.004%) → market leaning short
• Positioning shows about 51% shorts vs 49% longs
• Recently about $536K longs were liquidated vs only ~$52K shorts
Takeaway:
A move toward $68.7K – $69K looks like the nearest liquidity target if price pushes up.