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$BTC We’re seeing a slow grind up in price action right now, but I’m expecting a reversal soon, just like I mentioned in my previous tweet.
Price is still trading under the previous local lows, which keeps the bearish sentiment intact.
Volume is extremely low, showing this move lacks real conviction. At the same time, OI is increasing while spot buying is drying up. Clear sign this upside is being driven by perps, not genuine demand.
Liquidations over the last 24 hours have been minimal, but it’s the weekend. Expect volatility to pick up once the market opens properly.