$BTC BREACHES $60K SUPPORT – OI RESET SIGNALS SHIFT 🔥
Bitcoin has slipped below the $60k psychological barrier, currently trading near $59.5k. Exchange netflow shows over 2,600 BTC deposited, indicating active selling pressure from traders positioning for further downside. However, open interest has moderated to $20.6 billion, confirming a market reset without the cascade of forced liquidations often seen in such moves.
The next pivot hinges on spot volume and ETF flows around the $59k-$60k zone. Are you looking for a bottom or riding the breakdown here?
Not financial advice. Always manage your risk.
#BTC #Bitcoin #MarketStructure #OIReset #TradingSignals
🔥
Bitcoin has slipped below the $60k psychological barrier, currently trading near $59.5k. Exchange netflow shows over 2,600 BTC deposited, indicating active selling pressure from traders positioning for further downside. However, open interest has moderated to $20.6 billion, confirming a market reset without the cascade of forced liquidations often seen in such moves.
The next pivot hinges on spot volume and ETF flows around the $59k-$60k zone. Are you looking for a bottom or riding the breakdown here?
Not financial advice. Always manage your risk.
#BTC #Bitcoin #MarketStructure #OIReset #TradingSignals
🔥