Finally came down. If it doesn't come down, we have to wonder what is behind this wave of data..

Figure 1 Currently, the price is still operating in oscillation according to the order book imbalance color bands..

Figure 2 Just now, Binance sold spot again, CVD -2000, the price still maintains a strong position around 68k..

But in a bear market, we don't do bullish divergences.. So for now, not going to do much here..

After all, the lower color bands haven't appeared yet, and we haven't reached the real demand zone..

Let's first take some profits on the short positions that entered the upper color band area..

So it's quite strange here. There are no large visible orders on the order book, but secretly there are many passive orders being filled (-2000 CVD can't be pushed down)

In this inexplicable nervous selling situation, without any signs of turning in spot CVD, despite the passive orders, we still don't plan to do much here for now..

Continuing to hold the remaining 20% of the short position to see how things develop next..

Until we enter the order demand zone and the color bands reappear...