Having said that its barely a bullish Divergence and certainly not something i would stake more than 1% of my account on.
❤1
Bitcoin Trade Update — High-Risk Range
I still do not fully buy the idea that Bitcoin takes out the lower liquidation range here.
To me, this feels more like a trap than a clean breakdown. I do not see enough genuine demand to short aggressively at these levels. It looks like the market is trying to bait traders into shorting the lows before squeezing them back to the upside.
Right now, the position is only slightly in the red. The loss itself is not the issue. The real issue is discipline — knowing when to close a trade if the market invalidates the setup.
That is the difficult part here.
If Bitcoin loses this range and starts moving into the lower liquidity zone, it could accelerate quickly. The level I am watching closely is around $80,700. That is roughly the lowest area I am comfortable holding. If we start losing that properly, the risk increases significantly.
The deeper downside level is around $80,200, but holding a leveraged position into that area would be too aggressive for my risk tolerance.
On the upside, the setup is clear.
If Bitcoin gets back above $81,000, I think the move opens up again. From there, the next major target is around $82,000, and if the squeeze develops properly, I still think Bitcoin can push towards $84,000.
So the trade is simple:
Hold support here, reclaim $81,000, then squeeze the shorts.
That is the scenario I am positioned for.
The reason I am still interested in this trade is because we are seeing signs of larger positioning entering the market. There have been some very large orders appearing in single candles today, including what looks like a sizeable leveraged long position entering around this range.
That can mean accumulation.
But it can also just be a large trader taking a bad trade.
That is why this is not an easy call.
The sensible decision for most people here is probably to stay out and wait for confirmation. I want to be very clear about that. This is a high-risk area, and there is no need to force a trade.
I am staying in because I believe the opportunity is there, and I am personally comfortable with the risk.
Worst case, I take a controlled loss. Best case, if this entry is right and Bitcoin squeezes properly, the upside is extremely attractive.
But I also want to point something out honestly:
Greed is the danger here.
Greed makes traders hold longer than they should.
Greed makes traders ignore invalidation.
Greed makes traders turn a good setup into a bad decision.
So I am watching this very carefully.
A break above $80,925 would be the first positive sign, because that would start to break the short-term downtrend. From there, I would want to see Bitcoin reclaim $81,200 and continue ranging higher into the US open.
For now, I am considering reducing the position by 50% to lower risk, because the leverage is aggressive and the range is tight.
But I am not closing fully yet.
The market is still holding support, the downside move still looks suspicious, and if Bitcoin reclaims the key levels above, I think the shorts get trapped.
I will update if I close or reduce the trade.
For now, this remains a high-risk long, but the setup is still alive.
I still do not fully buy the idea that Bitcoin takes out the lower liquidation range here.
To me, this feels more like a trap than a clean breakdown. I do not see enough genuine demand to short aggressively at these levels. It looks like the market is trying to bait traders into shorting the lows before squeezing them back to the upside.
Right now, the position is only slightly in the red. The loss itself is not the issue. The real issue is discipline — knowing when to close a trade if the market invalidates the setup.
That is the difficult part here.
If Bitcoin loses this range and starts moving into the lower liquidity zone, it could accelerate quickly. The level I am watching closely is around $80,700. That is roughly the lowest area I am comfortable holding. If we start losing that properly, the risk increases significantly.
The deeper downside level is around $80,200, but holding a leveraged position into that area would be too aggressive for my risk tolerance.
On the upside, the setup is clear.
If Bitcoin gets back above $81,000, I think the move opens up again. From there, the next major target is around $82,000, and if the squeeze develops properly, I still think Bitcoin can push towards $84,000.
So the trade is simple:
Hold support here, reclaim $81,000, then squeeze the shorts.
That is the scenario I am positioned for.
The reason I am still interested in this trade is because we are seeing signs of larger positioning entering the market. There have been some very large orders appearing in single candles today, including what looks like a sizeable leveraged long position entering around this range.
That can mean accumulation.
But it can also just be a large trader taking a bad trade.
That is why this is not an easy call.
The sensible decision for most people here is probably to stay out and wait for confirmation. I want to be very clear about that. This is a high-risk area, and there is no need to force a trade.
I am staying in because I believe the opportunity is there, and I am personally comfortable with the risk.
Worst case, I take a controlled loss. Best case, if this entry is right and Bitcoin squeezes properly, the upside is extremely attractive.
But I also want to point something out honestly:
Greed is the danger here.
Greed makes traders hold longer than they should.
Greed makes traders ignore invalidation.
Greed makes traders turn a good setup into a bad decision.
So I am watching this very carefully.
A break above $80,925 would be the first positive sign, because that would start to break the short-term downtrend. From there, I would want to see Bitcoin reclaim $81,200 and continue ranging higher into the US open.
For now, I am considering reducing the position by 50% to lower risk, because the leverage is aggressive and the range is tight.
But I am not closing fully yet.
The market is still holding support, the downside move still looks suspicious, and if Bitcoin reclaims the key levels above, I think the shorts get trapped.
I will update if I close or reduce the trade.
For now, this remains a high-risk long, but the setup is still alive.
👍2
Bitcoin Trade Update — 1-Minute Structure
I’m using the one-minute chart here to show the lower-timeframe candle behaviour in more detail.
At the moment, this still looks like another short-term rejection. There is a real possibility that Bitcoin sweeps the lows of this range again, potentially back towards the $80,800 area, before we see another proper attempt at upside.
In hindsight, I should probably have reduced or closed the position closer to entry, but the loss is still small and the setup has not fully invalidated yet.
The key point is this:
If Bitcoin can reclaim this level and push back through resistance, closing too early would have been the wrong decision.
I am still watching the upward-sloping blue trendline around $81,200. That remains the level I think Bitcoin can trade back towards if support continues to hold.
The reason I am still giving this trade room is because timing matters here. If Bitcoin can hold this range into the US open, then we could see fresh liquidity come into the market.
Pre-market conditions look fairly constructive, confidence appears to be returning, and there is no obvious sign of major sell pressure at the moment.
So while a sweep of the range lows is still possible, my base case remains that Bitcoin is trying to build support here before continuing the short-term uptrend.
For now, I am still holding, but the level is tight and the next move matters.
I’m using the one-minute chart here to show the lower-timeframe candle behaviour in more detail.
At the moment, this still looks like another short-term rejection. There is a real possibility that Bitcoin sweeps the lows of this range again, potentially back towards the $80,800 area, before we see another proper attempt at upside.
In hindsight, I should probably have reduced or closed the position closer to entry, but the loss is still small and the setup has not fully invalidated yet.
The key point is this:
If Bitcoin can reclaim this level and push back through resistance, closing too early would have been the wrong decision.
I am still watching the upward-sloping blue trendline around $81,200. That remains the level I think Bitcoin can trade back towards if support continues to hold.
The reason I am still giving this trade room is because timing matters here. If Bitcoin can hold this range into the US open, then we could see fresh liquidity come into the market.
Pre-market conditions look fairly constructive, confidence appears to be returning, and there is no obvious sign of major sell pressure at the moment.
So while a sweep of the range lows is still possible, my base case remains that Bitcoin is trying to build support here before continuing the short-term uptrend.
For now, I am still holding, but the level is tight and the next move matters.
Took a small $300 loss to get out of it, not much point holding large with a sub optimal entry at this point, however i am still bullish im just using dumb leverage to the point a 1% move down would liquidate me so it doesnt make sense.
What im doing here is the same as i always do. Maximum leverage , Maximum accuracy, Focus on Timing.
It works.
Timing is everything and if you can hone this strategy for bitcoin it pays pretty insane.
Sure you may lose like 30 early exits before you catch a 5% pump but that time you do a 5% pump on 50x leverage is a 250x gain on your starting capital.
The logic is not for all, i like it becuase it means im never risking trading with a lot of money.
Its a risk management strategy, in the past i have nt managed risk as well, i have traded with millions of dollars at a time and it can have amazing but also catastrophic results.
What im doing here is the same as i always do. Maximum leverage , Maximum accuracy, Focus on Timing.
It works.
Timing is everything and if you can hone this strategy for bitcoin it pays pretty insane.
Sure you may lose like 30 early exits before you catch a 5% pump but that time you do a 5% pump on 50x leverage is a 250x gain on your starting capital.
The logic is not for all, i like it becuase it means im never risking trading with a lot of money.
Its a risk management strategy, in the past i have nt managed risk as well, i have traded with millions of dollars at a time and it can have amazing but also catastrophic results.
👍1
Bitcoin / SHIB Trade Update — Final Attempt Before US Open
One final adjustment before I potentially close everything and reassess after the US open.
I have increased the size of the Bitcoin long again. If the negative P&L looks like it keeps moving quickly, part of that is because every adjustment comes with fees, and the position size is now aggressive.
I have also reduced the SHIB trade by 25% to lower overall exposure. SHIB is currently nearly 1% away from my entry, so I wanted to take some risk off there.
What started as a very bullish morning has turned into a weaker afternoon session here in Thailand. Nothing dramatic, and none of this is life-changing money, but the market has not delivered the upside move yet.
That being said, there is still time.
By dollar-cost averaging down on Bitcoin, I have improved my average entry, which means price does not need to recover as far for the trade to return to breakeven. That is the positive side.
The negative side is that the position is now much more sensitive.
On Bitcoin, every $100 move is now worth roughly $400 on the trade. On SHIB, every 0.000001 move is worth roughly $20.
So the sizing is meaningful, and this is now a high-risk trade.
If Bitcoin moves much lower from here, I will close quickly, because the downside can become expensive fast.
For now, I am giving it one final chance to hold this range and reverse into the US open.
One final adjustment before I potentially close everything and reassess after the US open.
I have increased the size of the Bitcoin long again. If the negative P&L looks like it keeps moving quickly, part of that is because every adjustment comes with fees, and the position size is now aggressive.
I have also reduced the SHIB trade by 25% to lower overall exposure. SHIB is currently nearly 1% away from my entry, so I wanted to take some risk off there.
What started as a very bullish morning has turned into a weaker afternoon session here in Thailand. Nothing dramatic, and none of this is life-changing money, but the market has not delivered the upside move yet.
That being said, there is still time.
By dollar-cost averaging down on Bitcoin, I have improved my average entry, which means price does not need to recover as far for the trade to return to breakeven. That is the positive side.
The negative side is that the position is now much more sensitive.
On Bitcoin, every $100 move is now worth roughly $400 on the trade. On SHIB, every 0.000001 move is worth roughly $20.
So the sizing is meaningful, and this is now a high-risk trade.
If Bitcoin moves much lower from here, I will close quickly, because the downside can become expensive fast.
For now, I am giving it one final chance to hold this range and reverse into the US open.
👍1
Trade Update — Relief Bounce Starting
The relief bounce is now starting to come through, which is exactly what we needed.
The positive is that we only took relatively small drawdown during that move lower, and I managed to average the entries down into a much better area — closer to the bottom of the range.
That gives the trade a much cleaner structure from here.
Now the important part is whether the rest of the thesis plays out.
If Bitcoin can hold this bounce and start reclaiming the key levels above, the position should recover quickly and move back into profit.
If it fails here, then the setup becomes much more uncomfortable.
So for now, this is good news — but it still needs confirmation.
We have improved the entry, reduced some pressure, and now we need the market to prove that support has formed.
The relief bounce is now starting to come through, which is exactly what we needed.
The positive is that we only took relatively small drawdown during that move lower, and I managed to average the entries down into a much better area — closer to the bottom of the range.
That gives the trade a much cleaner structure from here.
Now the important part is whether the rest of the thesis plays out.
If Bitcoin can hold this bounce and start reclaiming the key levels above, the position should recover quickly and move back into profit.
If it fails here, then the setup becomes much more uncomfortable.
So for now, this is good news — but it still needs confirmation.
We have improved the entry, reduced some pressure, and now we need the market to prove that support has formed.
Morning Bitcoin Open Interest Report
From a professional trader’s perspective, Bitcoin currently looks extremely flat.
Over the past five hours, open interest has stayed broadly the same, with only a small drop-off. That small decline is also reflected in the price action, which has been weak but not dramatic.
Volume is also starting to decline as we head into the weekend, which usually means one thing: the market is preparing to do absolutely nothing for a while.
Right now, the most likely scenario appears to be further consolidation between roughly $81,000 and $78,000 throughout the weekend.
There does not seem to be any obvious reason right now for a major spike in open interest. If that changes, I will update immediately. But for now, Bitcoin looks very flat, very boring, and like nothing meaningful is going to happen all weekend.
So be prepared to enjoy your weekend.
Reform UK just dominated the local elections, so I am sure there will be many nice men with no T-shirts, with dogs on chains, roaming the streets this weekend.
It will be fantastic.
From a professional trader’s perspective, Bitcoin currently looks extremely flat.
Over the past five hours, open interest has stayed broadly the same, with only a small drop-off. That small decline is also reflected in the price action, which has been weak but not dramatic.
Volume is also starting to decline as we head into the weekend, which usually means one thing: the market is preparing to do absolutely nothing for a while.
Right now, the most likely scenario appears to be further consolidation between roughly $81,000 and $78,000 throughout the weekend.
There does not seem to be any obvious reason right now for a major spike in open interest. If that changes, I will update immediately. But for now, Bitcoin looks very flat, very boring, and like nothing meaningful is going to happen all weekend.
So be prepared to enjoy your weekend.
Reform UK just dominated the local elections, so I am sure there will be many nice men with no T-shirts, with dogs on chains, roaming the streets this weekend.
It will be fantastic.
Ethereum Open Interest Report
Ethereum is showing almost the exact same story as Bitcoin.
This is the reason I am opening a short position at these levels. I will include two screenshots with this post: one showing the Ethereum open interest statistics, and one showing my current open short trade.
Ethereum open interest is currently stalling around the $13.45 billion region, with current open interest sitting closer to $13.3 billion.
At the same time, the ETH price has already risen significantly within the current range. Technically, Ethereum is forming what looks like a bull flag, and if it breaks out properly, the upside target could be around $2,362.
However, for that breakout to happen, Ethereum would likely need another strong jump in open interest.
The issue is that every recent open interest jump has been sold into. That tells me traders are adding leverage, but the market is not yet allowing that leverage to expand cleanly into a sustained breakout.
At some point, if Ethereum fails to break out of this range, the move will begin to tire. When that happens, downside pressure can build quickly, and the price may need to move lower before it can move higher again.
That is the logic behind this short position.
I am not shorting because Ethereum looks terrible long term. I am shorting because, in the short term, open interest is stalling, price has already moved up into the range, and the market looks vulnerable if buyers fail to force the next breakout.
Be aware of this.
I am trading this on WEEX. You can register here:
https://www.weex.com/register?vipCode=dqqj
AUTOMATIC VIP FEE TIER + DEPOSIT BONUS
As always, manage your own risk. This is my personal trade setup, not financial advice.
Ethereum is showing almost the exact same story as Bitcoin.
This is the reason I am opening a short position at these levels. I will include two screenshots with this post: one showing the Ethereum open interest statistics, and one showing my current open short trade.
Ethereum open interest is currently stalling around the $13.45 billion region, with current open interest sitting closer to $13.3 billion.
At the same time, the ETH price has already risen significantly within the current range. Technically, Ethereum is forming what looks like a bull flag, and if it breaks out properly, the upside target could be around $2,362.
However, for that breakout to happen, Ethereum would likely need another strong jump in open interest.
The issue is that every recent open interest jump has been sold into. That tells me traders are adding leverage, but the market is not yet allowing that leverage to expand cleanly into a sustained breakout.
At some point, if Ethereum fails to break out of this range, the move will begin to tire. When that happens, downside pressure can build quickly, and the price may need to move lower before it can move higher again.
That is the logic behind this short position.
I am not shorting because Ethereum looks terrible long term. I am shorting because, in the short term, open interest is stalling, price has already moved up into the range, and the market looks vulnerable if buyers fail to force the next breakout.
Be aware of this.
I am trading this on WEEX. You can register here:
https://www.weex.com/register?vipCode=dqqj
AUTOMATIC VIP FEE TIER + DEPOSIT BONUS
As always, manage your own risk. This is my personal trade setup, not financial advice.
Bitcoin Wyckoff Accumulation Update
This here is the current Bitcoin Wyckoff accumulation structure.
Right now, Bitcoin looks like it is sitting very close to a decisive point in the pattern. We recently failed to break cleanly towards the $85,000 region, and that failure is important. We may still get one more attempt at that level soon, and if Bitcoin can reclaim momentum and push into $85,000 and beyond, the market becomes bullish again very quickly.
However, the longer Bitcoin fails to make that move, the greater the risk of a breakdown becomes.
From a technical perspective, the structure is starting to look vulnerable. If this Wyckoff pattern continues to play out, there is a real possibility that Bitcoin breaks lower over the next couple of weeks. The first major downside target would be around the $60,000 region, followed by a period of sideways consolidation. After that, if weakness continues, Bitcoin could eventually break further down into the $50,000s.
The important thing to understand is that this is a multi-year Wyckoff structure. We do not yet know exactly where the final lows of the range sit, but if the pattern remains valid, we are getting closer and closer to those lower-range targets over time.
That said, I am not writing off the upside.
Bitcoin may still get a strong summer rally. Sentiment can change quickly. When the sun comes out, people feel better, risk appetite improves, and that can sometimes translate into a more positive and bullish market environment. We also have the US midterms coming up later in the year, which could bring more political turbulence and market volatility towards the back end of the year.
So the market is at a very interesting point.
There is still a credible path towards $85,000 and beyond, especially if Bitcoin can break resistance soon. But if it fails to do that, the current technical structure suggests that a breakdown becomes increasingly likely.
Be very aware of this.
Also, make sure you watch the altcoin video I posted on YouTube two days ago. Everything I said in that video has played out exactly as expected so far.
This here is the current Bitcoin Wyckoff accumulation structure.
Right now, Bitcoin looks like it is sitting very close to a decisive point in the pattern. We recently failed to break cleanly towards the $85,000 region, and that failure is important. We may still get one more attempt at that level soon, and if Bitcoin can reclaim momentum and push into $85,000 and beyond, the market becomes bullish again very quickly.
However, the longer Bitcoin fails to make that move, the greater the risk of a breakdown becomes.
From a technical perspective, the structure is starting to look vulnerable. If this Wyckoff pattern continues to play out, there is a real possibility that Bitcoin breaks lower over the next couple of weeks. The first major downside target would be around the $60,000 region, followed by a period of sideways consolidation. After that, if weakness continues, Bitcoin could eventually break further down into the $50,000s.
The important thing to understand is that this is a multi-year Wyckoff structure. We do not yet know exactly where the final lows of the range sit, but if the pattern remains valid, we are getting closer and closer to those lower-range targets over time.
That said, I am not writing off the upside.
Bitcoin may still get a strong summer rally. Sentiment can change quickly. When the sun comes out, people feel better, risk appetite improves, and that can sometimes translate into a more positive and bullish market environment. We also have the US midterms coming up later in the year, which could bring more political turbulence and market volatility towards the back end of the year.
So the market is at a very interesting point.
There is still a credible path towards $85,000 and beyond, especially if Bitcoin can break resistance soon. But if it fails to do that, the current technical structure suggests that a breakdown becomes increasingly likely.
Be very aware of this.
Also, make sure you watch the altcoin video I posted on YouTube two days ago. Everything I said in that video has played out exactly as expected so far.
❤1
Bitcoin Liquidation Heatmap — One-Month Timeframe
This is the Bitcoin liquidation heatmap on the one-month timeframe, and right now the market is sitting in complete no man’s land.
From the current region around $80,000, there is no major liquidation cluster directly above price. Most of the nearby liquidity has already been taken out, which means Bitcoin is now trading in a fairly thin zone.
The next meaningful liquidity range begins around $83,200.
That makes the next move extremely important.
If Bitcoin can push towards $82,500–$82,700, that likely becomes the upside tipping point. Above that region, the market could start moving much faster, with a realistic chance of pushing towards the $90,000 area as it begins chasing the next major liquidity zones.
However, the downside level is just as important.
The key downside tipping point is around $78,900.
If Bitcoin loses that level, the probability of a much deeper move increases significantly. At that point, the market could begin moving quickly towards the larger liquidation range around $62,000, which would also line up with the broader Wyckoff formation I posted about earlier.
That is why this current range matters so much.
Bitcoin is not currently sitting in a heavy liquidation zone. It is sitting between zones. That means whichever side breaks first could trigger a much faster move than people expect.
Upside trigger: around $82,500–$82,700
Next liquidity zone: around $83,200+
Possible upside extension: towards $90,000
Downside trigger: around $78,900
Major downside liquidity: around $62,000
Make sure you look at the Wyckoff formation post I made earlier. If that structure starts to play out properly, Bitcoin could unwind much faster than most traders are currently prepared for.
For now, there is no obvious major news catalyst suggesting that Bitcoin must break down immediately.
But remember, the broader risk environment has not disappeared. We still have geopolitical instability, Iran and Israel tensions, political uncertainty, Epstein-related headlines, war risk, and general global volatility still sitting in the background.
Nothing has actually stopped.
So while the upside case remains alive above $82,700, the downside risk below $78,900 must be respected.
Bitcoin is in no man’s land right now — and the next clean break likely decides the direction.
This is the Bitcoin liquidation heatmap on the one-month timeframe, and right now the market is sitting in complete no man’s land.
From the current region around $80,000, there is no major liquidation cluster directly above price. Most of the nearby liquidity has already been taken out, which means Bitcoin is now trading in a fairly thin zone.
The next meaningful liquidity range begins around $83,200.
That makes the next move extremely important.
If Bitcoin can push towards $82,500–$82,700, that likely becomes the upside tipping point. Above that region, the market could start moving much faster, with a realistic chance of pushing towards the $90,000 area as it begins chasing the next major liquidity zones.
However, the downside level is just as important.
The key downside tipping point is around $78,900.
If Bitcoin loses that level, the probability of a much deeper move increases significantly. At that point, the market could begin moving quickly towards the larger liquidation range around $62,000, which would also line up with the broader Wyckoff formation I posted about earlier.
That is why this current range matters so much.
Bitcoin is not currently sitting in a heavy liquidation zone. It is sitting between zones. That means whichever side breaks first could trigger a much faster move than people expect.
Upside trigger: around $82,500–$82,700
Next liquidity zone: around $83,200+
Possible upside extension: towards $90,000
Downside trigger: around $78,900
Major downside liquidity: around $62,000
Make sure you look at the Wyckoff formation post I made earlier. If that structure starts to play out properly, Bitcoin could unwind much faster than most traders are currently prepared for.
For now, there is no obvious major news catalyst suggesting that Bitcoin must break down immediately.
But remember, the broader risk environment has not disappeared. We still have geopolitical instability, Iran and Israel tensions, political uncertainty, Epstein-related headlines, war risk, and general global volatility still sitting in the background.
Nothing has actually stopped.
So while the upside case remains alive above $82,700, the downside risk below $78,900 must be respected.
Bitcoin is in no man’s land right now — and the next clean break likely decides the direction.
👍1
Solana Liquidation Heatmap Update
The price action on Solana over the past 24 hours has been very impressive, with SOL ripping back into the $94 range.
This is a meaningful move, especially because Solana has been aggressively sold off against Bitcoin over the past few months. Relative to BTC, SOL has lost a significant amount of value, and at these levels it does look like the market may have overcorrected.
In my view, when you compare Solana’s current position against Bitcoin, SOL looks like it should be trading closer to the $120 region, not still sitting in the $90s.
This ties directly into what I discussed in my video the other day: altcoins may now be starting to outperform while Bitcoin consolidates.
That is the key point here.
If Bitcoin continues doing very little while major altcoins start recovering, that could be an early sign that the market is beginning to work its way out of this broader bearish structure. It would also increase the chance that the Bitcoin Wyckoff downside scenario eventually gets invalidated.
However, we are not there yet.
For now, the Wyckoff structure remains valid, and downside risk across the market still needs to be respected.
On the Solana one-month liquidation heatmap, there is still a large liquidity cluster sitting around the $80 level. That means even though SOL is showing strength, there is still a clear downside liquidity target below the current price.
So the situation is balanced.
Solana is showing strength, altcoins look deeply oversold, and the recovery case is becoming more credible. But the $80 liquidity zone remains a major risk, and if market sentiment flips, SOL could still move back down quickly to attack that level.
That is why I am not rushing into any emotional decision here.
I am currently unsure whether to sell my spot Solana at these levels, but for now I am not taking action. The bounce has been strong, but price is still not high enough in the bigger picture to justify panic-selling spot exposure.
This is a market where patience matters.
Solana may continue recovering if altcoin momentum builds, but the liquidation heatmap still shows a clear downside risk. So I am staying cautious, watching the $80 liquidity zone, and waiting for the market to prove whether this is a real altcoin recovery or just another relief bounce.
The price action on Solana over the past 24 hours has been very impressive, with SOL ripping back into the $94 range.
This is a meaningful move, especially because Solana has been aggressively sold off against Bitcoin over the past few months. Relative to BTC, SOL has lost a significant amount of value, and at these levels it does look like the market may have overcorrected.
In my view, when you compare Solana’s current position against Bitcoin, SOL looks like it should be trading closer to the $120 region, not still sitting in the $90s.
This ties directly into what I discussed in my video the other day: altcoins may now be starting to outperform while Bitcoin consolidates.
That is the key point here.
If Bitcoin continues doing very little while major altcoins start recovering, that could be an early sign that the market is beginning to work its way out of this broader bearish structure. It would also increase the chance that the Bitcoin Wyckoff downside scenario eventually gets invalidated.
However, we are not there yet.
For now, the Wyckoff structure remains valid, and downside risk across the market still needs to be respected.
On the Solana one-month liquidation heatmap, there is still a large liquidity cluster sitting around the $80 level. That means even though SOL is showing strength, there is still a clear downside liquidity target below the current price.
So the situation is balanced.
Solana is showing strength, altcoins look deeply oversold, and the recovery case is becoming more credible. But the $80 liquidity zone remains a major risk, and if market sentiment flips, SOL could still move back down quickly to attack that level.
That is why I am not rushing into any emotional decision here.
I am currently unsure whether to sell my spot Solana at these levels, but for now I am not taking action. The bounce has been strong, but price is still not high enough in the bigger picture to justify panic-selling spot exposure.
This is a market where patience matters.
Solana may continue recovering if altcoin momentum builds, but the liquidation heatmap still shows a clear downside risk. So I am staying cautious, watching the $80 liquidity zone, and waiting for the market to prove whether this is a real altcoin recovery or just another relief bounce.
NEW VIDEO LIVE!!!!!
BITCOIN HOLDERS NEED TO WATCH THIS: Gordon Brown Is BACK
Watch Now 👇
https://youtu.be/iGZvLsDOl7M
BITCOIN HOLDERS NEED TO WATCH THIS: Gordon Brown Is BACK
Watch Now 👇
https://youtu.be/iGZvLsDOl7M
YouTube
BITCOIN HOLDERS NEED TO WATCH THIS: Gordon Brown Is BACK
Gordon Brown | Reform UK | Crypto UK | Bitcoin UK | Gold Reserves | Kier Starmer
Keir Starmer has officially brought Gordon Brown back into UK politics as a special envoy on global finance… and for Bitcoin investors this could be a massive macro signal.…
Keir Starmer has officially brought Gordon Brown back into UK politics as a special envoy on global finance… and for Bitcoin investors this could be a massive macro signal.…
👍2
IM LIVE RIGHT NOW ON THIS STREAM!!
Doing a collab!
https://www.youtube.com/live/O7EchujWFVY?si=hGjKLtjRTgod6stR
Doing a collab!
https://www.youtube.com/live/O7EchujWFVY?si=hGjKLtjRTgod6stR
YouTube
BITCOIN WARNING: UK CHAOS BEGINS
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Bitcoin has been lagging behind while the stock market pushes into record highs, but that could be about to change.
In today’s livestream, we are looking at whether bitcoin is finally…
Bitcoin has been lagging behind while the stock market pushes into record highs, but that could be about to change.
In today’s livestream, we are looking at whether bitcoin is finally…
Ethereum Open Interest Update
This morning, Ethereum open interest has seen a significant drop, falling from around $13.4 billion down to approximately $12.7 billion.
That is a decline of roughly 5.2% in open interest, which is a meaningful reduction in market positioning.
What is interesting here is that the Ethereum price has only dropped around 2% during that same period.
Normally, when you see open interest fall this sharply, you would expect the move to be more clearly reflected in price. The fact that open interest has dropped by over 5%, while price has only moved down around 2%, suggests that a meaningful amount of leverage has been flushed out without the market fully breaking down yet.
However, this is still something to be cautious about.
If open interest continues to fall into Monday, it could be an early sign that capital is starting to leave the market again. That would make the current structure look less bullish and could increase the probability of further downside if buyers fail to step back in.
For now, the key takeaway is simple:
Ethereum open interest is falling faster than price.
That usually means leverage is being removed from the market, and when that happens, momentum can start to weaken.
In the next post, I will cover the same situation currently developing on Bitcoin.
This morning, Ethereum open interest has seen a significant drop, falling from around $13.4 billion down to approximately $12.7 billion.
That is a decline of roughly 5.2% in open interest, which is a meaningful reduction in market positioning.
What is interesting here is that the Ethereum price has only dropped around 2% during that same period.
Normally, when you see open interest fall this sharply, you would expect the move to be more clearly reflected in price. The fact that open interest has dropped by over 5%, while price has only moved down around 2%, suggests that a meaningful amount of leverage has been flushed out without the market fully breaking down yet.
However, this is still something to be cautious about.
If open interest continues to fall into Monday, it could be an early sign that capital is starting to leave the market again. That would make the current structure look less bullish and could increase the probability of further downside if buyers fail to step back in.
For now, the key takeaway is simple:
Ethereum open interest is falling faster than price.
That usually means leverage is being removed from the market, and when that happens, momentum can start to weaken.
In the next post, I will cover the same situation currently developing on Bitcoin.