Here’s some data for you: 1. Contract orderbook delta 3% Bid depth is significantly stronger than ask and shows an upward trend. 2. Spot orderbook delta 3% Bid depth is still stronger than ask but shows a downward trend. Considering it’s the weekend, this kind of orderbook clearly suggests the market won’t drop for now. 3. Taker buy/sell strength Stronger sell pressure hasn’t pushed the price to lower levels, indicating that the bids below are effectively absorbing market sells. So, the conclusion is clear: prices won’t drop right now. Old Dog’s advice: Unfollow those 90k follower accounts telling you to short immediately. Unfollow those saying to hold onto your short positions and wait for a drop. #BTC #OldDogAnalysis #Orderbook