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6 184
BTC/USDT is slowly rising and approaching the resistance area around $65,500 - $66,300.
Looking at LTF, price is going sideways a lot; need to wait for the breakout.
6 184
Crypto's TOTAL finally saw a green week again after adding $70B in just 7 days ππ°
6 184
BTC rally stalled almost precisely at aggregate SpotETF cost basis near $83K β previous support flipping into clear Resistance ππ΄.
Underwater ETF investors using recovery to exit at breakeven, supply outweighing new demand πͺ.
ETF cost basis remains a key level to watch β decisive reclaim puts average ETF investor back in profit and improves sentiment.
Until then, ETF positioning remains a headwind with investors de-risking into strength β‘οΈπ―π
6 184
BTC rally stalled almost precisely at aggregate SpotETF cost basis near $83K β previous support flipping into clear #Resistance ππ΄.
Underwater ETF investors using recovery to exit at breakeven, supply outweighing new demand πͺ.
ETF cost basis remains a key level to watch β decisive reclaim puts average ETF investor back in profit and improves sentiment.
Until then, ETF positioning remains a headwind with investors de-risking into strength β‘οΈπ―π
6 184
BTC/USDT has been sideways all week following the rejection at support.
Liquidity was swept from the previous lower lows, and the price is slowly making higher highs and higher lows internally. A small range break is needed.
6 184
Premium members caught the strong MAGMA/USDT breakdown and turned it into a profitable trade. ππ°
6 184
SAGA/USDT has dropped 35.75% in profits.
The price is still near the same level and may go to a new lower low soon.
Book a decent amount of profit here and let the runner run.
6 184
BTC/USDT is moving sideways between the two major levels.
It is not a good position for any openings; however, we need to wait for more clarity in the market.
6 184
Short positions consistently outnumbered long positions across all time frames throughout last month, but the trend is now slowly beginning to shift ππ.
On the daily chart, there is currently over $500 million in long liquidations below us π.
Of course, this is nothing compared to the billions of short positions above us when you zoom out π, but itβs more than enough to trigger another long squeeze π₯π.
