$BTC broke above 67K. Futures traders built the ramp. Spot buyers stayed home.

What moved:
• Perp CVD climbed +1.32B since the breakout - pure leverage expansion
• Spot CVD sitting at 11.81M, down from 100M at recent highs - capital is exiting, not entering
• Funding rate: 0.0026%, longs now paying to hold - cost of carry is back
• Coinbase Premium: -0.07% - US spot flow remains absent
• Book depth: -224.71 spot / -678.82 perp - bid stacks are thin on both sides

This is a perp-driven squeeze with no organic spot confirmation underneath. When futures unwind, there's no floor. ⚠️

Read on X: https://x.com/IT_Tech_PL/status/2066890033261580797

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Read on X: https://x.com/IT_Tech_PL/status/2066913199560257784

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Altcoin sell pressure just hit a 5-year extreme. ⚠️

This isn't a dip. It's 15 months of non-stop net selling on Spot Exchanges.

Cumulative buy/sell volume diff (alts ex BTC/ETH): deepest negative reading since data started in 2020.

Diff nearly flattened in early 2025, then reversed hard. Hasn't stopped bleeding since.

Read on X: https://x.com/IT_Tech_PL/status/2066957615360602253

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Read on X: https://x.com/IT_Tech_PL/status/2067246393530695905

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✅ shorts cleared

$BTC has a short liq cluster locked at 64.6K -> 65K. 💥

This pocket is driving the setup.

• Short liq: 64.6K -> 65K - dense and tight, not spread out
• Long liq: thickest at 62K, thins fast as we approach 63.5K

Price sitting this close to a cluster like this? It gets hunted.

A spike to 65K wipes the shorts before the real move.

Read on X: https://x.com/IT_Tech_PL/status/2067581916539506721

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ZEN x OKX: kampania właśnie wystartowała 🚀

• 0% opłat do 19 lipca
• Wpłać już od $10 i odbierz do 8% zwrotu rozłożone na 12 miesięcy (oferta ważna do 13 lipca)
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#reklama

Read on X: https://x.com/IT_Tech_PL/status/2068964527484629274

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$BTC ripped from 63K to 64.8K. Perps drove it. Spot was selling the whole time.

Spot CVD: -55.83M (left chart) - net sellers dominated the entire move
Perp CVD: +489.16M (right chart) - futures longs piled in

Coinbase Premium: -0.12% - US spot buyers absent
Funding Rate: +0.0078% - longs paying shorts, mildly crowded

Order Book Depth:
- Spot: +294 bid-side
- Perp: -319 ask-side pressure

Leverage carried the price up. Spot didn't absorb, it distributed.

If perp longs unwind, there's no spot bid underneath to catch it. ⚠️

Read on X: https://x.com/IT_Tech_PL/status/2069028259443171379

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Read on X: https://x.com/IT_Tech_PL/status/2069118728021942431

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$BTC is sitting at 62K - with a wall of highly-leveraged short positions stacked just above.

🔴 Short squeeze zone: 62.8K -> 63.3K

These are traders betting on the price going down - using high leverage. If price pushes above 62.8K, they get forcibly liquidated. That liquidation buying can push price even higher - triggering a chain reaction.

Are these shorts about to get wiped out?

Read on X: https://x.com/IT_Tech_PL/status/2069512523095953898

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Read on X: https://x.com/IT_Tech_PL/status/2069676725706063894

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