๐จ๐ BTC IS DROPPING... BUT THE MARKET KEEPS OPENING LONGS LIKE CRAZY ๐คฆโโ๏ธ๐ฉธ
If you still don't get why the whales keep pushing the price down, check this out, dude ๐๐ฅ follow me for more info
๐ Bitcoin is dropping
๐ Open Interest is rising
๐ Funding is rising
๐ด Coinbase Premium is negative
๐ง That combo usually DOESN'T end well for the #Bulls ๐ถ
Why? ๐
When: ๐ the price drops BUT ๐ the OI keeps increasing
it means people are still entering leveraged trying to "buy the dip" ๐ตโ๐ซ
And if also: ๐ funding is rising ๐ it means longs are still dominating
Meanwhile: ๐ด the negative Coinbase Premium shows that the American spot market is NOT buying aggressively right now
In other words... โ ๏ธ there's more speculation in futures than real spot demand
And we already know what usually happens next ๐ฌ๐ฉธ
๐ณ the #whales let in more #Longs ๐ณ creating false hope and then: ๐ฅ a strong liquidity sweep
Because the market loves to wreck the most over-leveraged side ๐ฎโ๐จ๐
๐ง The most dangerous thing right now is that: many believe that: "it has dropped too much already"
But historically... when: ๐ funding rises ๐ longs increase ๐ and the spot doesn't follow
the market often ends up making another aggressive drop before the real bounce ๐ฅ
๐ The real question now is:
Is BTC heading straight to clear another wave of longs below 74k... or will they first do a fake pump to trap even more buyers? ๐ณ๐๐ฉธ๐ฅ
If you still don't get why the whales keep pushing the price down, check this out, dude ๐๐ฅ follow me for more info
๐ Bitcoin is dropping
๐ Open Interest is rising
๐ Funding is rising
๐ด Coinbase Premium is negative
๐ง That combo usually DOESN'T end well for the #Bulls ๐ถ
Why? ๐
When: ๐ the price drops BUT ๐ the OI keeps increasing
it means people are still entering leveraged trying to "buy the dip" ๐ตโ๐ซ
And if also: ๐ funding is rising ๐ it means longs are still dominating
Meanwhile: ๐ด the negative Coinbase Premium shows that the American spot market is NOT buying aggressively right now
In other words... โ ๏ธ there's more speculation in futures than real spot demand
And we already know what usually happens next ๐ฌ๐ฉธ
๐ณ the #whales let in more #Longs ๐ณ creating false hope and then: ๐ฅ a strong liquidity sweep
Because the market loves to wreck the most over-leveraged side ๐ฎโ๐จ๐
๐ง The most dangerous thing right now is that: many believe that: "it has dropped too much already"
But historically... when: ๐ funding rises ๐ longs increase ๐ and the spot doesn't follow
the market often ends up making another aggressive drop before the real bounce ๐ฅ
๐ The real question now is:
Is BTC heading straight to clear another wave of longs below 74k... or will they first do a fake pump to trap even more buyers? ๐ณ๐๐ฉธ๐ฅ