Signals Behind the BTC Fall

NFTRegretter · 2025-11-22T06:38:58+00:00

Recently, market funds have been closing all positions, and the encryption market capitalization has evaporated by 300 billion USD, with BTC's drop accounting for 50%. Although the unrealized loss remains below the 5% bottom signal, the fear index has dropped to 31, putting the market in a defensive state. BTC's open interest and price deviation have reached the highest level since August, indicating a possible drop to 100,000-105,000 USD. Attention must be paid to the Trading Volume; a rebound with insufficient volume may be a quick rebound.

NFTRegretter

2025-11-22 06:38:58

Abstract generation in progress

In the past week, market funds have been closing all positions. The market capitalization of encryption has evaporated by 300 billion dollars, with BTC accounting for 50% of the fall. Leveraged liquidation exceeded 1 billion dollars, with the main trapped being those who went long.

However, from on-chain data, it has not yet reached the level of panic selling—unrealized losses account for only 1.3% of BTC market capitalization, far below the usual 5% bottom signal. The market fear index has fallen to 31, indicating that it is currently in a defensive state.

The most noteworthy indicator is this: the deviation of BTC's open interest from its price has reached 10.35%, the highest level since mid-August. In simple terms, there are a large number of short positions waiting to break. If BTC falls, the target may point to the range of $100,000 to $105,000.

Recently, pay attention to the trading volume; rebounds with insufficient volume are all fake outs.

BTC-0,96%

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