$BTC Coinbase premium is staying negative. OI is increasing, but longs are underwater. Support is not supporting here. Market is weak. Dump it. Oh, and Saylor is washed.
Why is everyone targeting $80K+?
Here’s the answer:
The last major exhaustion gap formed around $84K over the weekend, right before the waterfall move down.
What most people are missing is this: back in 2022, we saw two very similar CME gaps.
- One took 290 days to fill
- The other took over 500 days
Right now, $BTC is following 2022 almost perfectly.
If that continues, it suggests the $84K gap won’t be filled anytime soon, likely months down the line.
And if that’s the case, it points to one thing:
The local top may be much closer than people think.