Key Takeaways:
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Buying businessmen with retail and whale has helped slow down BTC price sale, but the Bears still have a good chance to take advantage of the long liquid at $ 106,000.
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Spots and perpetual futures volume lack of aggression, preventing a long -term recurrence, and sellers continue to sell in price rebounds.
Bitcoin (Btc) Bulls fight to hold $ 112,000 level only a day after witnessing the crypto market Largest single-day long-standing position For years. On Monday, $ 1.62 billion in the long position was liquid, and as the market attempted to recover, the glassnode analysts warned that the Bitcoin Bull market could enter “Late-cycle phase. “
Despite BTC briefly holding above $ 112,000, the integrated volume of Delta data from the Hyblock shows sellers who are constantly leading the price action, which has raised the opportunity for a deeper sale-off closer to the sets of lows.
Ang pagtingin sa likod ng kurtina, ang tunay na tingian ng Longs at Shorts Account (Binance) na sukatan ay nagpapakita ng mga negosyante ng tingian at mga balyena na nagdaragdag ng kanilang mga mahahabang posisyon mula noong Lunes, habang nabili ang presyo ng BTC, at ang 1 milyon hanggang 10 milyong cohort na naka-angkla sa CVD at 1,000 hanggang 10,000 4 na oras na naka-angkla na CVD ay nag-highlight ng isang tussle sa between buyers and sellers.
Compared against the bid-ask ratio set to 10% depth of aging order, one can see the sale of pressure devastating while BTC price attempts to combine the $ 113,000 to $ 111,000 zone.
Related: Bitcoin’s struggles with $ 113k as Fed’s bowman’s Bowman hints on faster rate cuts
Despite consumers who demonstrate appetite in the current BTC coverage, the bulls are not yet in the woods, and the heatmaps of extermination show the price of chewing through the underlying bid’s liquidity, with a larger cluster sitting at $ 107,000.
Getting a broader view of the current dynamics in the specific Bitcoin market (excluding MacRO, spot BTC ETFs and US equities), daily price action has most of the endless futures market driven.
Open interest has changed within $ 46 billion to $ 53 billion range from late July 22 to this week, and the recovery from recovery from $ 112,000 (August 3) and $ 107,000 (September 1), the purchase of volume within the area markets and aggressive use of long action in the Perps market is mainly.
Such a situation, in which Longs pretends to be the volume in place and futures market, increasing the odds for sellers who may attempt to push the price to leveraged those at risk of extermination from $ 110,000 to $ 106,000.
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
