Alex Krüger|Nov 05, 2025 20:06
This bitcoin chart tells you spot buyers (strong hands) have driven price higher all day today, while perps shorts have been fighting the market. This is unusual. Open interest increasing while price goes up and funding goes down say so.
Most fresh shorts from the last few days are yet to unwind, and the market is thus at risk of a strong push higher once shorts start unwinding or get liquidated.
Positive news on the Government Shutdown should trigger that move.(Alex Krüger)
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