š $BTC is currently holding above $85K, showing some signs of stability on the charts. However, this market movement raises a significant concern: the recent bounce appears to be driven primarily by futures activity. This suggests a lack of robust spot demand, which could impact its sustainability.
š„ Spot volume (purple) remains subdued, indicating low real buying interest. In contrast, derivatives volume (orange) continues to rise significantly. This pattern suggests market strength is largely fueled by leverage, not genuine demand.
When futures push the market without substantial spot backing, upticks can be fragile. It often represents leverage chasing candles, lacking a solid foundation. This scenario makes the market susceptible to rapid liquidation cascades.
Without strong spot buyers, there is no real floor to support the price. Market makers can easily target overleveraged long positions. Spot buyers typically create market bottoms, whereas futures traders tend to generate volatility.
While $BTC above $85K feels positive, sustained rallies require real demand. A move towards $92K would be significant, but it needs solid spot accumulation, not just leverage. Information is for market updates, not investment advice. šŖšā³
