$BTC 📊 Bitcoin (BTC) Market Update

Current Price: $105,942.51

🔍 Spot Flow Changes

Since testing the $108K supply, there have been significant changes in spot flow: Coinbase CVD: shows continued pressure from limit sell orders. Binance CVD: indicates an increase in market selling behavior.

Both have had a distributional impact on the price, leading to a gradual decline.

📈 Market Dynamics

In the futures market, each short-term rebound is merely a profit-taking by shorts, and market positioning continues to lean towards shorts. Current market defenses are evident, with traders hedging and unwilling to hold risk.

📉 Technical Indicators

Volume: shows weakening market liquidity. Open Interest: gradually declining, indicating a cautious attitude among market participants. Cumulative Volume: negative values indicate selling pressure.

🔑 Key Observations

Current market sentiment leans defensive, with strong bearish sentiment in the short term. Traders are seeking protective measures rather than actively holding positions.

Stay tuned to market dynamics and respond flexibly to changes! 💪📈