#Bitcoin is currently hovering high, but we need to be a bit cautious. Futures CVD is around +30K, market buying has occurred, but Spot CVD is at -2K; this indicates that it is not supported by "real money".

Funding has turned negative, and short positions are increasing inside. Open Interest is quite high at 85K, the market is full. Delta is also negative, with selling pressure.

In summary: It has risen, but spot support is weak, the market is full, and shorts are increasing. This raises the risk of liquidity accumulation at the top and a possible drop afterwards.

$btc #btc

Disclaimer

This content is not investment advice and is solely based on personal analysis and opinion. Cryptocurrency assets carry high risks; there is no guarantee of definite returns or profits. Please do your own research.