Potential short-term correction: Market data shows –0.004 funding rate and > 70% short positioning among top accounts—clear bearish sentiment under the surface.
Capital outflows: Last 5 days saw > 370 K USDT net outflow, suggesting liquidity retreat after the surge.
Downside divergence: RSI and KDJ readings close to overbought zones on daily timeframe hint exhaustion; whales are absent, adding vulnerability.
Comprehensive Assessment
Valuation stress: 8.5 B USD FDV sparks credibility concerns—if speculative demand fades, sharp mean reversion is likely.
Macro drag: Bitcoin’s weakness tied to U.S. government shutdown fears filters through altcoins; risk assets could retrace further.
Bearish sentiment: Smart money ratios reveal elite traders maintaining high short exposure, signaling short-term rally exhaustion.