Innlegg

Holding at 65,000 for a month still got smashed through Opened the app this morning, BTC reported at 64974.5, just slightly below 65000. OKX's price line shows a 24-hour increase of only 0.13%, meaning yesterday's rebound was completely given back. This number looks insignificant, but trend traders know well that 65000 is not an ordinary round number; it’s stuck between the short-term holders’ average buy price of 67523 and the 200-week moving average of 63657—above it are the people who entered in the last five months still underwater overall, below it is the average cost line of all buyers over the past four years. Both sides are close, yet it’s stuck grinding in the middle, which is the most frustrating position—neither able to rise nor fall sharply. Looking back at my own trading journal, BTC has basically been sweeping between 58,000 and 67,000 for over a month, with daily swings of a thousand points being common. Today’s breakdown looks more like a line that’s been horizontal for about thirty days being gently poked through, not a brutal smash by any particular capital. Look at the volume; several major exchanges still have daily volumes over tens of billions, this single trade can’t even make a splash, not even a ripple shape. If you want to say who smashed it, it’s better to say no one caught it; after a long horizontal period, it naturally slips down, the market losing direction moves toward the path of least resistance. What should be watched more is the big picture liquidity. In the past month, USDT dropped from 184.2 billion to 183.1 billion, USDC from 73.28 billion to 72.15 billion, together down 2.23 billion. The pipes are under repair, the pools are leaking, the cash in buyers’ hands is quietly decreasing. Also, Coinbase’s negative premium has lasted 82 days, latest at -0.0759, indicating that on the US side, there aren’t enough people willing to actively raise prices to buy. #PayrollsDropCPIFocus #AIMemoryStressTest #SpaceXUnlockRebound