💥Bitcoin Market Update: Key Insights from Recent Data 📊

🚀 Coinbase Spot Buyers vs Binance Sellers: Coinbase is in a buyer's position, while Binance has sold some of the purchased spot tokens. This divergence between the platforms highlights a significant battle between buyers and sellers.

🔻 Funding Negative but Less Intense: Binance funding remains negative, but its weight has decreased. This doesn't reflect a sharp change in market sentiment just yet.

💡 Market Sentiment - Watch the Longs: Long positions dominate the Net Longs side. However, the uncertainty surrounding Binance longs poses a challenge. If these longs close, the market could experience downward pressure as Binance sells on spot.

💰 Liquidation Levels: The key levels for liquidation stand at $60,920 above and $59,074-57,288 below. Yesterday saw a liquidation of 102 million short positions and over 35,000 traders getting liquidated. If the market corrects by $2,000, long liquidation could exceed 300 million.

⚠️ BlackRock Uncertainty Continues: Despite yesterday's price action, BlackRock still hasn't secured the investment, leaving room for uncertainty in institutional involvement.

💥Always #DYOR 📚
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