📊 1. MARKET OVERVIEW

🟢 Overall Indicator:

Market Flow (CryptoQuant Exchange Flows):

Exchange Reserve continues to decrease → coins are withdrawn from the exchange, a trend of accumulation.

Exchange Outflow > Inflow → there is no clear selling pressure, still leaning towards accumulation.

🐳 Whale Activity (Coinglass):

Whales are taking action to close long positions – open short positions, especially with BTC and ETH.

Total short positions > long (50.69% short), and margin also favors short.

⚠️ Funding Rate & Open Interest (BTC, ETH, SUI):

Funding rate is gradually turning slightly negative → the market leans towards the short side.

Open Interest remains at a stable high, showing no signs of position collapse.

₿ 2. ANALYSIS OF BITCOIN (BTC)

1. Current price: $103,478

Near resistance: $104,800 – $105,400

Near support: $102,200 – $100,600

Strong liquidation confluence area: $94,600 – $96,000 (heatmap)

2. Multi-timeframe technical analysis:

1D & 4H:

Moving sideways near the old peak, showing slight distribution signals.

RSI 4H & 1D moving sideways > 65, MACD beginning to narrow.

Volume gradually decreasing, no momentum to surpass the peak.

Ichimoku:

Price is above the clouds but starting to fluctuate around Tenkan/Kijun – a sign of hesitation.

3. Funding & OI:

Slightly negative funding: -0.0002 → short money is dominating.

OI remains high: ~78.9K BTC

4. CVD (Cumulative Volume Delta):

Spot CVD and Futures CVD are decreasing → selling pressure is dominant.

Strong negative delta for 2 consecutive sessions.