1) The intraday funding rate has fallen to its lowest values since the beginning of the current bull cycle.
2) All new buyers (with up to 30 days of BTC held in their wallets) are at a loss. For a general understanding, that's over 1 million BTC
❕ Given this data, we can assume that if the correction continues, it is unlikely to be very deep, or bitcoin will find an equilibrium price in the current range, and for some time will go into a narrow sidewall
💰 $BTC = $66,766 🔼
Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
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