Demand in the BTC spot market is gradually warming up, and selling pressure has significantly weakened. The derivatives market has cooled down considerably—short sellers' aggressiveness has diminished, and leverage has been mostly cleared out. From the overall pattern, this does not seem to be a sign of a top. Instead, it looks more like a consolidation phase with a slight upward bias.

BTC-2,19%
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OnchainFortuneTellervip
· 01-17 21:18
Are all the shorts cleared? Then I need to keep a close eye on my long positions.
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DogeBachelorvip
· 01-17 20:37
The bears are scared, clearing leverage is equivalent to admitting defeat
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MEVHuntervip
· 01-16 07:25
spot demand warming up while shorts getting squeezed dry... mempool's been quiet too quiet lately ngl. this consolidation phase smells like someone's accumulating before the next move. curious what the block builders know that we don't
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DataOnlookervip
· 01-14 23:34
The shorts have all been beaten down; this wave definitely doesn't look like the top.
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JustHereForMemesvip
· 01-14 23:33
All the shorts have been cleared out; now it's time for the bulls to step in.
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BlockImpostervip
· 01-14 23:26
The selling pressure has weakened, and the bears are also exhausted. This consolidation feels like it's gathering strength.
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rekt_but_not_brokevip
· 01-14 23:09
The bears are losing momentum; this move is just building up strength.
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