🚨📈$BTC UPDATE
Over the weekend, $BTC moved up again and ran into heavy volume around 71K - the same level it
dropped from earlier. Since then, we've seen about a 3% pullback.
Open interest is declining, asks dominate the spot order book, and the market delta index has just returned to neutral after sustained selling pressure. Trading volumes have also decreased.
Right now, liquidation cascades are forming below 66K and lower, as well as above 71K and higher. Limit walls on both sides are tightening too.
Across the broader market, limit orders look balanced, but the altcoin meter shows alts are weaker than
Bitcoin and still trending down.
BTCUSDT
Διην.
66,337.7
-1.83%