$BTC broke above $97K and is holding just below. What's next?
$3B jump in OI suggests perp-driven rally
Funding rate remains positive
Bitcoin ETFs added $370M in BTC — spot demand is real
Liquidations look balanced — it's a coin toss
Key Levels to Watch:
Spot demand from Coinbase (US hours)
Funding rate direction
Upside Scenario: Spike in Coinbase premium = push toward $100K
Downside Scenario: Weak spot bid = potential long squeeze to $94K–$95K
