The prize is 50 usdt, and Iโll choose one winner in 48 hours. Re-post this post and foIIow the sponsor @jerry_lewa re-post and like his recent posts. [BG 675]
โผ๏ธ REAL DEMAND IS GOING IN THE OPPOSITE DIRECTION.
Price up. Real spot demand down.
๐ธ SPOT DEMAND IS NOT SUPPORTING THIS PRICE
June was the worst month ever for US spot ETFs. Around $4.06 billion in net outflows.
๐ป DERIVATIVES ARE TAKING THE LIVESTREAM
Open interest is falling while the price is rising. In one week, it dropped from around $47.8 billion to $45.4 billion โ even more so in BTC terms, a drop of 7 to 8%. And this despite $BTC being up 2.7% over seven days.
Funding is a razor-thin +0.003%. Of the $71.6 million in liquidations in 24 hours, 52 million were long positions, or 73%.
๐งฒ THE MONEY IS BEING TAKEN OFF ELSEWHERE
The 10-year US yield is rising to 4.55%, and the dollar is holding strong.
Capital from Bitcoin ETFs is actively rotating into AI and semiconductors instead of disappearing in panic. Bitcoin isn't falling due to its own weakness; the money is simply being drawn elsewhere. Meanwhile, the Fear & Greed index has been stuck at 21 for over a week, deep in extreme fear.
Ethereum is holding up better over the same period, with $ETH at $1,730 and up 5.7%. A hint of rotation towards Ethereum.
Falling open interest, spot demand running downwards, long positions being dumped en masse. The market is breathing a sigh of relief.
What would pull this out of the vacuum is a genuine demand signal from US spot flows. And that's precisely what's missing today.
Iโm giving one winner 15 usdt after the next 18 hours. Re-post and foIIow the sponsor @komarglobal re-post his recent posts [BG 674]
__________________________
Comments are appreciated.