Just spotted something interesting on the charts...
According to fresh on-chain data, we’re seeing a spike in long closures and an uptick in short activity — classic signs of a soft reversal after a strong uptrend.
👉 Funding rates are still positive, which means bullish sentiment isn’t gone — but here’s the catch:
Open interest is dropping, and that often hints at a cooling phase or consolidation coming in.
🎯 Key Level to Watch: $108K zone
If we stay below that, don’t be surprised to see some sideways action or a quick dip.
Stay sharp. Don’t chase — let the setup come to you.
#CryptoMarket #BinanceUpdate #MarketWatch #OnChainSignals $HYPER