📉➡️📈 Derivatives: Calm Before the Liquidation Storm

→ DXY softens, China hints at stimulus → risk assets sniff upside🌐🧿

🧭 Market Pulse Update | July 30 🌡️

Mood: Mixed energy, BTC trying to lead → alts cautious → setup pressure rising.

🔹 BTC Recap
✔️ Session Open: $117,897
✔️ Lower High Formed: $117,291 (vs. yesterday’s $116,923)
✔️ Breakout Attempt: Flipped $118,300 short-term → testing strength now
✔️ Current Level: Holding above $118.3K = bullish bias creeping back
✔️ Key Next Test: $119.6K → big liquidation cluster there
✔️ Support Below: $117.2K > $116.5K major pivot

→ BTC trying to stack higher lows but faces exhaustion signals. If it breaks $119.6K, expect fireworks, else chop likely continues.

🔹 ETH + ETH/BTC Watch
✔️ ETH holding ~$3,740 but lagging behind BTC
✔️ ETH/BTC dropping = altcoin momentum capped
✔️ ETH needs to reclaim 0.035 to ignite broader alt rally

🔹 Alts Overview
✔️ SOL, LINK, TON = coil patterns forming
✔️ Many alts showing lower highs, weak follow-through
✔️ Only GameFi + Infra coins (PIXEL, AKT, ONDO) seeing relative strength

🔹 Derivatives Snapshot
✔️ Open Interest rising in BTC & SOL could fuel breakout
✔️ Funding neutral/slightly positive clean slate
✔️ Liquidation zones stacked at $119.6K / $120.2K
✔️ No major wipeouts yet = room for volatility spike soon

🔹 Macro Risk Check
✔️ DXY soft today = tailwind for BTC
✔️ Gold steady, risk appetite slowly returning
✔️ Asia equities green, but US earnings later = volatility risk
✔️ China stimulus rumors might spark risk-on plays tomorrow

🧨 Summary Flow
→ BTC holding the edge → not in breakout, but coiled

→ Alts bleeding quietly → no confirmation of bottom
→ Derivatives + macro = setup is there… now it’s trigger watch time

💬 Whispers from the edge:

→ If BTC holds $118.3K tonight, bulls take the wheel. But under $117.2K, bears bite back 💢

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