Not-so-daily Vol 2025-07-15
BTC price retracing to previous range after hitting new highs of 122k as soon as CB premiums disappeared.
Now we're back at range and seeing finex bids become neutral again.
BTC and ETH bids looking good on the orderbook delta side of things.
ETH especially looking healthy. Lots of layered bids.
On the derivatives side, seeing plenty of aggressive long positioning still holding onto positions for both BTC and ETH(HL funding).
This could cause some wicks.
But for ETH, a lot of OI looks like it's been flushed out.
OI dropped 1.2b in 24 hours.
I like ETH here, but it really depends on BTC.
Maybe for BTC we see 116k or 115k nodes get swept, but I think we are near a bottom.
Positioning : L/S 6:1 Currently very long into this dip
LONGS
- BTC : Adding at 116k and 115k
- ETH : TWAP longs
- HYPE : Added. Holding up very well
SHORTS
Good luck out there!
🕹️Currently trading mostly on @Lighter_xyz
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