Spot bids are showing renewed strength after recent deleveraging, with funding rates normalizing. On-chain metrics reveal significant whale accumulation below $64k, absorbing supply. The current market structure suggests a clear path to retest the $69k-$70k resistance, potentially consolidating within the target band as derivatives OI resets. Expecting price discovery to push into that zone. 85% YES — invalid if persistent negative spot delta below $66k.
Spot bids are showing renewed strength after recent deleveraging, with funding rates normalizing. On-chain metrics reveal significant whale accumulation below $64k, absorbing supply. The current market structure suggests a clear path to retest the $69k-$70k resistance, potentially consolidating within the target band as derivatives OI resets. Expecting price discovery to push into that zone. 85% YES — invalid if persistent negative spot delta below $66k.
