SHORT-TERM WARNING ABOUT $BTC:
Signs indicate that $BTC is in the process of forming a bearish consolidation. The short liquidation delta remains high, reaching -12 billion USD. According to historical data, when the delta remains high for an extended period, it often signals short-term reversals or squeeze events.
The funding rate remains elevated, indicating selling pressure from short positions is countering buying pressure from long positions.
Traders should exercise caution and maintain discipline. Protect profits when possible and avoid excessive leverage in the current phase.