$BTC
🚨☠️ As we saw, the rally was short lived, But, let’s quickly break down what happened here ↩️
🧐 The moment price pushed and then stalled at the highs, we saw a violent, and I mean violent, selling pressure in the order books 🙄
That’s not a bullish sign by any means, Selling into every small rip never is , In fact, this kind of behavior is something you typically see in a bear market, lol 🤣
↔️Likely some ETF distribution at play here, something I mentioned a few weeks back as a possible factor adding to the selling pressure ⌛️⚡️
Either way, market makers and institutional players move the market by hunting leverage, That is why we see those sharp upside pushes that are mostly leverage driven, followed by spot driven dumps 🛡👌
Let’s see what narrative unfolds into CPI. Maybe they ease up on the sell button this time. Lose 100K & things get ugly 🙄✨️
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