@oo23br8eka0r
No wonder everyone’s reducing positions and selling!
Turns out, even though $BTC and $ETH are still in an overall bull trend, the market has moved into a high-level distribution phase. Prices are hitting new short-term highs, but the buy-sell delta is dropping, aggressive buying is weakening, and the OI/market cap ratio is showing a bearish divergence.
Bulls are still in control, but the momentum could shift from a unilateral pump to high-level consolidation and local corrections.
#BTC #ETH
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