$BTC MARKET UPDATE
Sell pressure thinning — but structure still heavy.
Why this matters?
• ~$202M more stacked on the sell side within 5% of spot.
• Weeks ago that imbalance was over $600M — supply is getting chipped away.
• Buyers absorbing liquidity on bounces, but no real expansion follows.
• Lower highs continue to define the higher timeframe structure.
Absorption only confirms strength if it leads to sustained expansion. Right now, buyers clear portions of supply, momentum stalls, and offers reload near highs. The order book imbalance is compressing — but price still fails to hold above prior highs.
Until $BTC can reclaim and sustain above key resistance instead of rejecting rallies, this remains a market where bounces get sold, not chased.
Stay patient. Let expansion confirm direction.