- Binance financing rates decreased with the rise in short centers, despite the stability of the bitcoin price.
- The activity is weakened on the chain while the high evaluation measures, which raises correction concerns.
Bitcoin (BTC) More than 100 thousand dollars are hovering on July 7, but a strange difference arose – negative currency financing rates turned during the upward trend.
This means that merchants openly open short situations, betting on a reflection.
Of course, this door opens to a possible short pressure, as the forced liquidation rises to high prices. Historically, when the financing rates rise while the price is fixed, the bears tend to combustion.
Of course, this is not a guarantee, but the defect was tending to the market structure towards the bulls, as long as the momentum carries short halls that remain crowded.
Why do BTC users disappear?
After saying this, things were not pink in all fields.
Bitcoin activity on the series shrinks. The number of transactions decreased to 50.3 thousand, while the network growth decreased to 57.6 thousand-its lowest levels over 57.6 thousand.
This shrinkage indicated the decline in participation, probably due to cautious retail morale or laminated users amid high prices.
When you join fewer new users and fewer transactions occur, it usually reflects retail warning or tired at high prices.
In fact, such double -slowed declines often precede – unless they are not reversed. The assembly needs more than just strong hands; It needs new joining.
Did the Bitcoin scarcity be narrated?
Meanwhile, the Bitcoin stock rate exploded to a flow to 458, much higher than modern averages.
This scale reflects the relationship between the current offer and the annual production, and Spike indicates the intensification of scarring novels.
This may encourage those with long -term, bUT here is RUB – when the perceived scarcity rises while the actual network uses a decrease, the gap between the story and reality expands.
Could Bitcoin evaluate its benefit?
Another warning bell came from the NVT ratio with blood circulation, which rose to 1527 – the highest number in more than a year.
This scale holds whether the maximum Bitcoin market is supported by transactions. High NVT usually indicates that the evaluation exceeds use, especially when the network activity is weak.
In conjunction with a decrease in the volume of transactions and the growth of the user, this increase may indicate that bitcoin is exaggerated in its current state.
Although investors may still expect more gains, the historically high NVT levels precede local summits.
Are the output BTC flows knocking on fermentation fluctuations?
Despite all mixed signals, BTC holders were not rushing for sale.
July 7 witnessed 30.14 million dollars in the external flow, and continued in a long -term direction of coins that transport exchanges.
This behavior involves the condemnation of a strong investor, as it chooses the nursery instead of immediate sale.
However, this condemnation is now facing a test, as conflicting signs show between accumulation and poor network strength.
Categorically, while the external flows of Bitcoin and low financing rates indicate that the upscale strokes, the stumbling of the activity on the chain and evaluation violations raises the red flags.
The short pressure capabilities remain real, but without growing renewable transactions or the expansion of the network, the upscale momentum may weaken.
Therefore, despite the current optimism, traders should remain cautious because the fragility of the chain may quickly turn morale in the event of price subsidies fail.
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2025-07-07 15:00:00
