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BTC Market Structure Update 07:00 Germany Post-flush stabilization below $65K. Longs have been cleared, open interest has declined, and shorts are beginning to become overloaded. Coinbase premium is moving toward neutral, and spot selling pressure is easing. USDT dominance remains the key driver for the next capital flow. Structure Levels: $64K = critical support line $66.5K = reclaim trigger for a short squeeze $63K = next liquidation magnet on breakdown Current Phase: Tension, not trend. Range compression will determine the next expansion. The market is waiting for a trigger. Price follows liquidity. #Bitcoin #BTC #Crypto #CryptoMarkets #MarketStructure #Liquidity #Trading #PriceAction #Onchain #Orderflow #Derivatives #InstitutionalFlow #RiskManagement #ShortSqueeze #MarketUpdate

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