The BTC derivatives market is in a cautious state, with high liquidity but short-term selling pressure still prevailing.
📊 Key Data Open Interest: $51.31B (-2.56%/24h) → BTC accounts for 55.8% of total market OI, but capital flow is reducing exposure. Liquidations 24h: $80.24M → Shorts account for 66.6%, clear selling pressure. Liquidations 1h: $275K → Longs are being swept more → short-term selling.
🔍 Quick Perspective OI decreasing → traders are taking profits, waiting for clearer signals. Most funding rates are negative → bearish sentiment is prevalent. Many shorts → if the price rebounds strongly, the risk of a short squeeze is high.
⚠️ In summary: Liquidity remains good Short-term bias: bearish – cautious
The market can be very volatile if it breaks through important price levels. Currently in derivatives: don’t rush to guess the direction – manage risks first.
$PIPPIN this one has a lot of short sharks so you might need a kill needle to go down Or the plan of sharks cutting volume might just work! Note the armor, okay guys
Brothers, tonight and today are really bad. I am stuck here, please give me advice on whether to hold or exit the position 😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭 $ICP .