$BTC liq & positioning haven’t seen this level of asymmetry persist for this long in a while > long liqLevels: 607 I short liqLevels: 236 Δ: +371 (~$12B imbalance) > extremes like this rarely sustain -> usually get unwound fast > longs still clearly at risk -> but shorts started to build into the highs > 100M+ positions: 22 longs vs 2 shorts -> way heavier below key level: 70.3k (largest position ~260M) -> structurally relevant for price to hold above -> break it -> acceleration likely some liquidity above got tapped but still fuel left for another push below = fully stacked -> downside is only a matter of time expecting a weaker weekend
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