Bitcoin has recently experienced an 11% decline, halting near $26,000. Short-term holders are facing a bleak outlook due to the decrease in BTC futures activity. The support/resistance level around $25,000 is being protected by courageous bullish investors.Cumulative Volume Delta (CVD) and Delta Analysis can be used to understand the current market conditions. Bitcoin is trading at $25,986.44, slightly beneath the crucial $26,000 mark. Spot buyers are encountering resistance from sellers who have set limits at this price, thereby restricting any potential upward advancement.Continuous Cumulative Volume Delta (Perp CVD) is declining as long positions are being closed and fresh short positions are being established. On Binance, there was a decrease of 6,000 BTC in Open Interest (OI) related to long positions. Bybit witnessed a reduction of 3,000 BTC in OI, all stemming from liquidated long positions.The liquidation of long positions at these levels introduces an evident threat to optimistic scenarios. Skew firmly states that ‘The distinct risk for long positions exists under the $25,800 mark’, underlining its significance as a crucial threshold for traders with a net long position.
| Information |
Details |
| Geography |
Global |
| Countries |
|
| Sentiment |
neutral |
| Relevance Score |
8 |
| People |
Skew, MacrocRG |
| Companies |
Skew, FAC, FINRA, eToro, Crypto News Flash |
| Currencies |
Bitcoin, Ethereum |
| Securities |
None |
