#bitcoin #metrics
📊 $BTC /USD: Local Bottom Passed? Market Analysis and Metrics
After a prolonged period of pressure in late June, Bitcoin is making a strong comeback. Let’s take a look under the hood of the market through the prism of derivatives and on-chain data to understand how sustainable the current momentum is.
📊 Key Chart Insights:
➡️ Market Clearance (Liquidations): Before starting this rally, the market meticulously shaved off excess leverage. On June 29–30 and July 1, we saw cascading long liquidations. As soon as the “passengers” were disembarked, the price instantly rebounded from the bottom below \$59,000.
➡️ Aggressive Buyer (CVD): The Cumulative Volume Delta (CVD) chart shows a sharp upward reversal since July 1, especially on Binance and OKX. This means that the growth is not simply due to the lack of sellers, but to strong market orders.
➡️ Healthy Interest (OI & Funding): Open Interest is stable in the $15-$17 range. At the same time, the Funding Rate remains neutral. The market is growing without signs of FOMO or overheating - an ideal setup for continued movement.
🌏 Who's buying? (Regional sessions): The Asia-Pacific region (APAC) is a real reinforced concrete this month, the cumulative return there is consistently positive. But the US and Europe, which mercilessly poured the market at the end of June, have finally stopped selling and are moving to accumulation.
📉 Seasonal anomalies:
An interesting observation regarding intraday statistics: Tuesday remains the hardest day for BTC. At the same time, weekends and evening hours after 19:00 UTC traditionally show the best redemption.
⚠️ Conclusion:
The local capitulation of buyers has ended with a successful long-awaited buyout. Bitcoin has consolidated above the important psychological level of \$62,000. While CVD and Open Interest remain stable, the priority remains for the long scenario with the potential for further upside.
📊 $BTC /USD: Local Bottom Passed? Market Analysis and Metrics
After a prolonged period of pressure in late June, Bitcoin is making a strong comeback. Let’s take a look under the hood of the market through the prism of derivatives and on-chain data to understand how sustainable the current momentum is.
📊 Key Chart Insights:
➡️ Market Clearance (Liquidations): Before starting this rally, the market meticulously shaved off excess leverage. On June 29–30 and July 1, we saw cascading long liquidations. As soon as the “passengers” were disembarked, the price instantly rebounded from the bottom below \$59,000.
➡️ Aggressive Buyer (CVD): The Cumulative Volume Delta (CVD) chart shows a sharp upward reversal since July 1, especially on Binance and OKX. This means that the growth is not simply due to the lack of sellers, but to strong market orders.
➡️ Healthy Interest (OI & Funding): Open Interest is stable in the $15-$17 range. At the same time, the Funding Rate remains neutral. The market is growing without signs of FOMO or overheating - an ideal setup for continued movement.
🌏 Who's buying? (Regional sessions): The Asia-Pacific region (APAC) is a real reinforced concrete this month, the cumulative return there is consistently positive. But the US and Europe, which mercilessly poured the market at the end of June, have finally stopped selling and are moving to accumulation.
📉 Seasonal anomalies:
An interesting observation regarding intraday statistics: Tuesday remains the hardest day for BTC. At the same time, weekends and evening hours after 19:00 UTC traditionally show the best redemption.
⚠️ Conclusion:
The local capitulation of buyers has ended with a successful long-awaited buyout. Bitcoin has consolidated above the important psychological level of \$62,000. While CVD and Open Interest remain stable, the priority remains for the long scenario with the potential for further upside.