$BTC Looks like 80k is being held rn,
Price tried breaking below 80k multiple times but we are reclaiming it everytime.
Perp CVD ticking back up from lows, spot buyers also stepping in from the lows.
Though OI is declining slowly,
The structure is basically us flushing some late longs then stabilizing and targeting higher.
With 80k support being held rn, CVDs need to start recovering towards the previous high for price to retest 82k.
OI is important here, if it starts building higher alon...
This trader is still aggressively betting against the market — and the pain keeps getting worse 😬.
Wallet 0x2056 is currently running high-leverage shorts on both the Nasdaq 100 and S&P 500, with unrealized losses now exceeding $1.89M.
To avoid getting wiped out, the trader deposited another 1M USDC around 9 hours ago to support the positions.
Current positions:
Short NASDAQ .... Position Size: $8.81M, Leverage: 20x, Entry: $25,040.91, Liquidation Price: $32,448.88, uPnL: -$1.29M
Short SP100.....
Altcoins are ready.
For the first time in a long while, they are ready to move.
A few month ago I posted about this setup, and how where we are is much more like 2019/2020 than 2022, and now it is playing out.
There has been several high level data points that I have shared over the months that have shown this, but as usual, the crowd chants "alts are dead".
But now we have confirmation they are not dead.
OTHERS, along will all other Altcoin index's, has just been trading in one large range...