BTC is trading within a local relief rally below the key V11 structural support, currently stabilizing around $63,180. The local order book on Binance indicates a heavy liquidity pocket and immediate order depth clustering between $63,150 and $63,250, acting as a temporary buffer against the overarching systemic decompression.
• V05 Fiscal Reality: The persistent consolidation of the 10-year US Treasury yield at 4.52% coupled with a highly rigid DXY defending the 100.054 mark continuously constrains systemic expansion, capping the velocity of the local relief bounce despite Gold holding firm at $4,087.
• V16 Liquidation Void: A severe deleveraging event over the past 24 hours flushed $371.72 million in total liquidations from the futures periphery, forced by an aggressive long-bias liquidation cascade of $195.75 million that triggered capitulation mechanics across 128,584 traders.
• V11 Equilibrium: Deep structural anxiety is verified by a massive net spot ETF contraction of -$213.90 million in a single day, driving the aggregate network sentiment into a state of Extreme Fear (13) while spot exchange reserves remain compressed at 2.49M BTC.
We remain in a highly fragile, reactive environment. Observe the systemic absorption capacity within the $63,110 order block cluster.
aequam memento 🏛️⚖️
@f2pool Your aim is to make mining unprofitable for other smaller miners. But your influence becomes to big then, which contradicts the idea of a free market and decentralisation as a key feature of bitcoin and blockchain.