$btc is seeing a light bounce today after the selloff of the past two days, currently trading around $76k. the open interest that built up on friday has fully unwound now. funding has recovered from strongly negative territory into slightly positive over the last two days. spot cvd declined throughout the selloff and is now ticking up alongside today's price recovery, meaning this bounce is being driven by spot rather than derivatives. the mechanics are clean. that said, sunday price action carries limited weight. thin volume makes moves easier to push in either direction without meaningful conviction behind them. $78k is the next resistance above us. #Bitcoin