Funding reversed quickly while open interest did not decrease at all. This means that there is liquidity waiting to be activated. Prices are being pushed down, but the buying pressure in the order book is unusually thin, making the drop appear heavier than it actually is. The whale group is silent, leaving only small absorption traces in the lower regions. This is a common behavior seen before the market reverses while retail has not had time to adjust their positions. If BTC rebounds from this area, those who are slow to react will only have the option to chase after the pull.
BTCUSDT
Perp
92,414.1
+2.49%
