CryptoQuant says something is brewing...
We have a guy — Axel Adler Jr. Not to be confused with the German philosopher or a new Dior perfume. This guy claims that in the last hour (exactly an hour, my friends — not a week, not a month, AN HOUR), long positions were closed so rapidly as if someone shouted: 'The SEC is coming!'
Shorts are dancing like suddenly everyone became fans of the bear diet — fewer calories, more fear.
Open interest? More like open Tinder — everyone is looking for something, but no one is ready for a serious relationship.
The number of open contracts is falling. This means the crowd is losing interest. Imagine a party where only you, the DJ, and some guy in a hat remain, who doesn't know how to leave. That's what the market looks like now.
The funding rate remains positive. You know who else is always positive? Yoga instructors and people who still have liquidity.
It's as if the market said: 'I believe in growth... but only if no one panics and sells!' — classic. So yes, positive funding is like a positive IQ test on TikTok: sounds cool, but it's dangerous to trust.
$108,000 — like an ex: if you go below, you might not come back.
This is a level. A zone. A line in the sand. Break it — and a slideshow of red candles and tears from traders with 50x leverage begins. Go higher — and the talk of 'new ATH by the weekend' starts again.
Is this a reversal? Or did the market just go for coffee?
We see a 'soft reversal point' — a nice, polite way to say: 'Looks like someone sold the whole bag, but without screams and drama.' This is not the moment when Bitcoin drops to $20K, but just slightly adjusts its tie after the party.
So, should we panic?
If you hold BTC without leverage — breathe evenly.
If you're on a 20x long — you might already be in hell.
And if you shorted at the top — congratulations, you are officially the chosen one. But just don't forget to exit while they still let you go home.
