Bitcoin stuck in “Fear” – Will it help a $ 115,000 shorts in BTC zoom? star-news.press/wp

Main meals

Bitcoin’s tests with OI are supported near extremism, stablecoin flows are marginalized, and reassuring feelings that hint on a possible contradiction.

Bitcoin (BTC) clings to the main support as a minced price procedure. During the past week, its lowest levels were printed, with an attempt to recover August 25 in adhesion.

The result?

BTC decreased by 4 % a week, marking the lowest level in eight weeks at $ 107452. However, the open interest increased to 84.93 billion dollars, indicating a severe crane.

For this reason, the process of wiping liquidity was inevitable.

According to Ampcrypto, this re -appointment can set the theater for a restaurant leg or pave the way to capture deeper. Either way, the risks are high, and the patience of the market wears thin.

The risk tone deepens with bitcoin support

It was a clean break less than $ 110,000, everything required to turn feelings.

The Bitcoin’s Fear & Greed index printed the four -month low of 39 (fear), sliding from 50 (neutral) just one day ago. Surrender has not yet arrived, but the condemnation was clearly thinning.

On the other hand, the last three declines in this area sparked strong counterattacks.

More importantly, when the index reached 42, he feed a march to BTC at the time of $ 123,000 in less than three weeks.

Source: Glassnode

This time, though, there is a major difference.

In the last three balls, the range of 107 thousand dollars to $ 110,000 was lined with “greed”, indicating the identification of heavy locations and risk. Now, the same area is tested under “fear”, pointing to the reset of feelings.

Simply put, what was previously the ceiling of resistance is now working as a possible support. Technically, This face often prepares the contrasting bounce structures for Bitcoin, especially if liquidity begins to gather on the side of the tender.

The accumulation of liquidity raises the risk of the collapse of the bull trap

Stableco Contings is a solid agent for liquidity flows.

During the past three days alone, Exporters I pumped $ 4 billion from the offer.

However, BTC has continued to lose support levels, indicating that fresh liquidity is not directly proceeding with topical price offers.

Adding weight, USDT external flows reached $ 915 million on August 27, and lined with BTC with 3.67 % over the next 48 hours. In short, the decline of $ 110,000 has not been absorbed as the bids remained thin.

Source: Glassnode

In this case, the appetite of the risks that fades Bitcoin fades.

Immediate offers are thin, liquid on the margin, and the feelings were hung in fear.

All in all, there is no clear bottom yet. 2 billion dollars A short wall 115 thousand dollars still did not touch, indicating that the bulls do not shoot this liquidity.

Until they do, the upward trend looks. Bitcoin remains vulnerable to deeper withdrawal, and unless feelings turn towards greed, the path of resistance remains less to the negative side.