Twin Tulips
--
$BTC Flush Complete ✅
Full TP reached for all shorts, this is exactly why the market dumped, and we saw it coming before everyone else (data + macro simplified)
The next plan:
I’ve been extremely vocal about leaning bearish for the last couple of weeks.
Earlier, I had mentioned that ETF flows and stablecoin inflows were clearly signaling weakness in the market, you can read more about that in the threads I’ve linked below.
Not only that, but I traded live from the high down to this point, shorting BTC, ETH, and several altcoins on my free telegram.
Today, I closed the last remaining portions of those shorts, including the altcoin positions, here's whats next:
About the Missed Relief Bounce:
We never got the small bounce around $104–106K that was possible scenario
I did take a half-size long punt there, as stated before, aiming for a relief bounce, not a reversal.
That long failed quickly and took a small hit (half size, you can read this on the telegram)
But overall, the larger directional trade worked perfectly, and I’m fully out of my short positions.
Where We Are Now:
Price: $101,376
Funding Rate: +0.0073 (still positive)
Open Interest: 54.8K (rising during the drop)
CVD: –2.4K (sellers still dominant)
Interpretation:
We’ve hit the Long POI zone but there’s still no real flush.
OI remains high, funding positive — meaning no capitulation yet.
Next Plays:
$98–102K + we see a funding flip to negative:
→ I’ll start scaling into longs, targeting $118–120K into late November.
If we bounce weakly to $104–106K:
→ Likely just relief, not reversal.
Break above $112.5K on volume and positive CVD:
→ Bear thesis invalidated → $118-12K target zone.
Full TP reached for all shorts, this is exactly why the market dumped, and we saw it coming before everyone else (data + macro simplified)
The next plan:
I’ve been extremely vocal about leaning bearish for the last couple of weeks.
Earlier, I had mentioned that ETF flows and stablecoin inflows were clearly signaling weakness in the market, you can read more about that in the threads I’ve linked below.
Not only that, but I traded live from the high down to this point, shorting BTC, ETH, and several altcoins on my free telegram.
Today, I closed the last remaining portions of those shorts, including the altcoin positions, here's whats next:
About the Missed Relief Bounce:
We never got the small bounce around $104–106K that was possible scenario
I did take a half-size long punt there, as stated before, aiming for a relief bounce, not a reversal.
That long failed quickly and took a small hit (half size, you can read this on the telegram)
But overall, the larger directional trade worked perfectly, and I’m fully out of my short positions.
Where We Are Now:
Price: $101,376
Funding Rate: +0.0073 (still positive)
Open Interest: 54.8K (rising during the drop)
CVD: –2.4K (sellers still dominant)
Interpretation:
We’ve hit the Long POI zone but there’s still no real flush.
OI remains high, funding positive — meaning no capitulation yet.
Next Plays:
$98–102K + we see a funding flip to negative:
→ I’ll start scaling into longs, targeting $118–120K into late November.
If we bounce weakly to $104–106K:
→ Likely just relief, not reversal.
Break above $112.5K on volume and positive CVD:
→ Bear thesis invalidated → $118-12K target zone.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
92,865.28
+1.99%
