Today, the Bitcoin market confirms the “energy release” phase after days of stagnation.
Indicators agree: we’re seeing a clear shift toward a long direction, with volume, aggressiveness, and technical room for continuation — exactly what we predicted yesterday.
Macroeconomic Background
Yesterday’s announcements of negative GDP in the U.S. and a rise in inflation to 3.5% (Core PCE) caused confusion, but the crypto market seems to be absorbing the macro risk with a risk-on attitude.
Funding Rates
BTC OI-Weighted: -0.0006%
BTC Volume-Weighted: +0.0032%
There is generally positive funding across exchanges, especially on Binance and Bybit.
This shows that despite the correction of recent days, longs have not abandoned their positions. On the contrary, they are holding firm.
Open Interest (BTC Futures)
Total OI increase (24h): +4.32%
Gate.io: +12.36%
OKX: +7.33%
WhiteBIT: +6.46%
The sharp rise in OI wasn’t accompanied by a spike in funding, which indicates either:
new capital entering gradually
or a healthy buildup of positions without leverage bubbles
Liquidation Map
Current price: ~$97,142
To the downside: high liquidation volume below $95,000
To the upside: major liquidation targets between $97500-$98,000
The market seems to be “charging up” right between these levels, with a high probability of moving above $96,500 to trigger short squeezes.
Technical Picture
The price is breaking upward out of the recent accumulation. On the chart, we see:
Break of the local downtrend line
Candles with increasing volume
Retest of bullish structure with confirmation
If the price stays above ~$95,500 and confirms the breakout, the $96,500–$98,000 range becomes an active target.
Conclusion – What to Expect
The market is coming back to life. Longs are holding their ground, funding remains positive, OI is rising sharply, and liquidations are creating upward “magnets.”
If we see:
Continued OI increase above +5%
Funding stays positive without overheating
Break above $97,000
...then a short squeeze toward $98,000 is a likely scenario.
On the flip side, a drop below $95,000 with a spike in negative funding and OI would signal a reversal.
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