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legend1234
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$BTC 10x long position still open!
Opened at $86,460, currently BTC is around $86,159. After touching $86,694 intraday, it pulled back; the price still stands above the 1-hour EMA20 at $85,948, RSI is about 55. The rebound structure hasn't broken down yet, but it hasn't truly broken through either.
In the past approximately 23 hours, perpetual positions increased by 5.8%, and the funding rate is slightly positive. Leverage flows back in sync with price rises, wh
jiaheshuo.okb
$BTC 10x long position still open!
Opened at $86,460, currently BTC is around $86,159. After touching $86,694 intraday, it pulled back; the price still stands above the 1-hour EMA20 at $85,948, RSI is about 55. The rebound structure hasn't broken down yet, but it hasn't truly broken through either.
In the past approximately 23 hours, perpetual positions increased by 5.8%, and the funding rate is slightly positive. Leverage flows back in sync with price rises, which is more solid than just short covering; now stuck below the previous high, new longs are more easily shaken out by short-term fluctuations.
OKX smart money: 14 long, 17 short; long positions account for 53.1%, with an average long cost around $85,783. However, total positions have decreased by about $3.59 million compared to 24 hours ago, direction is bullish, but actual investment is still shrinking.
On the spot side, two forces are pulling: whales have increased holdings by 14,335 BTC since October 1, while long-term holders have reduced for seven consecutive weeks. Demand can still absorb supply for now, but selling pressure has appeared multiple times around $86,700.
Next, watch two closes: a 1-hour close above $86,700, then holding $86,300; only then does the price have conditions to test $87,400. If it closes below $85,780, this rally looks more like a high-level consolidation. I will first see if $85,200 can hold. Positions haven't moved; the chicken leg meal is downgraded from a “break-even celebration feast” to a menu item still waiting in line.
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