On the chart, Bitcoin’s one-hour candle pulled back from the highs, with the longs closing positions. The cumulative volume difference below has also been trending lower—sell orders are pressuring buy orders. The funding rate is falling too, and willingness to hold is retreating. Price, the volume gap, and the funding rate all dropping point to the same thing—leverage and profit-taking positions are being withdrawn. Whether they’ve fully pulled out or not, watch to see if the funding rate turns negative. Don’t rush to pick sides.