#metrics #bitcoin #CryptoTrading.
๐ $BTC : Market Analysis and Key Metrics
After local liquidity withdrawal and pullback to $64,000, Bitcoin enters a consolidation phase. Let's analyze what is happening "under the hood" of the market according to derivatives and volumes:
๐ Key metrics:
โก๏ธ Price and Spot (CVD): After a peak near $67,000, we saw longs unloaded and a dip to $64,000. Currently, the cumulative delta (CVD) has leveled off in the $200Mโ$400M range - aggressive selling has subsided, the market is moving into a waiting state.
โก๏ธ Open Interest (OI) & Funding: Total OI remains high ($15Bโ$17B), indicating that large players are maintaining positions. Funding remains moderately positive (10โ20% APR), and the 3-month base rate has dropped to 3.5โ3.75% โ the market has cleared from excessive overheating.
โก๏ธ Liquidations: The spill on July 24โ25 washed away leveraged buyers (over $20M+ of longs were liquidated), fixing a local bottom.
โก๏ธ Sessionality: The main growth driver remains the US session (+15โ20% for the month), while Asia (APAC) continues to moderately pressure the price downward.
๐ Conclusion and scenario:
The clearing of excess leverage has occurred. As the US session continues to actively buy back the decline, the baseline scenario is accumulation in the range of $64,200 โ $66,000 with a potential attempt to retest $67,000 upon a CVD reversal towards purchases.
๐ฏ Key Levels:
Support: $63,800 โ $64,200
Resistance: $66,200 / $67,100
๐ $BTC : Market Analysis and Key Metrics
After local liquidity withdrawal and pullback to $64,000, Bitcoin enters a consolidation phase. Let's analyze what is happening "under the hood" of the market according to derivatives and volumes:
๐ Key metrics:
โก๏ธ Price and Spot (CVD): After a peak near $67,000, we saw longs unloaded and a dip to $64,000. Currently, the cumulative delta (CVD) has leveled off in the $200Mโ$400M range - aggressive selling has subsided, the market is moving into a waiting state.
โก๏ธ Open Interest (OI) & Funding: Total OI remains high ($15Bโ$17B), indicating that large players are maintaining positions. Funding remains moderately positive (10โ20% APR), and the 3-month base rate has dropped to 3.5โ3.75% โ the market has cleared from excessive overheating.
โก๏ธ Liquidations: The spill on July 24โ25 washed away leveraged buyers (over $20M+ of longs were liquidated), fixing a local bottom.
โก๏ธ Sessionality: The main growth driver remains the US session (+15โ20% for the month), while Asia (APAC) continues to moderately pressure the price downward.
๐ Conclusion and scenario:
The clearing of excess leverage has occurred. As the US session continues to actively buy back the decline, the baseline scenario is accumulation in the range of $64,200 โ $66,000 with a potential attempt to retest $67,000 upon a CVD reversal towards purchases.
๐ฏ Key Levels:
Support: $63,800 โ $64,200
Resistance: $66,200 / $67,100
