HolderStat | BTC pullback from resistance
📉 BTC price fell by 2.6% overnight to $95,840, confirming expectations of a pullback from the key resistance level. At the same time, trading volumes grew by 14%.
📊 Funding rates remain low and open interest in futures rose 0.9% overnight - signs that players are preparing for the next move. Notably, one tracked wallet made a selloff at $98,031, which could indicate profit taking by a major player.
💡 The market is showing signs of localized weakness, but the dynamics of volumes and open interest hint at a possible accumulation of positions. Watch for further support levels and activity of large purses for entry points.
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📊 Funding rates remain low and open interest in futures rose 0.9% overnight - signs that players are preparing for the next move. Notably, one tracked wallet made a selloff at $98,031, which could indicate profit taking by a major player.
💡 The market is showing signs of localized weakness, but the dynamics of volumes and open interest hint at a possible accumulation of positions. Watch for further support levels and activity of large purses for entry points.
_____________________
📊 Want more useful analytics? Like and subscribe to stay up to date with the most relevant trading ideas!
Always DYOR! 🔬
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