$BTC
BTC
67,443
-1.19%
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.