In the past week, from the 19th to the 22nd, the selling pressure in spot markets temporarily subsided. Therefore, driven by futures contracts, there was a wave of small-range movements.
However, since the wave starting around the 22nd reaching 9W.. the selling pressure in the spot market has continued.. Over the past two days, the total net selling pressure across the entire network has reached 600 million (active shorts - active longs).
The price has also dropped from 90k to around 86k.. At least in the past two days, passive buy orders have been weak.. Considering last week’s MSTR purely raising funds without buying spot assets.. this week, there has been no sign of MSTR buying pressure either.
Therefore, the price continues to decline under the ongoing selling pressure.
The price has gradually approached the key level around 86k and 85k.. These two levels are especially important before the 26th.. More details will be discussed in the GEX section below.
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Today Market Overview 2 - CVD Funding Situation
In the past week, from the 19th to the 22nd, the selling pressure in spot markets temporarily subsided.
Therefore, driven by futures contracts, there was a wave of small-range movements.
However, since the wave starting around the 22nd reaching 9W.. the selling pressure in the spot market has continued..
Over the past two days, the total net selling pressure across the entire network has reached 600 million (active shorts - active longs).
The price has also dropped from 90k to around 86k.. At least in the past two days, passive buy orders have been weak..
Considering last week’s MSTR purely raising funds without buying spot assets.. this week, there has been no sign of MSTR buying pressure either.
Therefore, the price continues to decline under the ongoing selling pressure.
The price has gradually approached the key level around 86k and 85k.. These two levels are especially important before the 26th.. More details will be discussed in the GEX section below.