Spot Distributes, Perps Hold: Bitcoin $70K Level Faces a Two-Sided Trap

TLDR: Bitcoin spot CVD collapsed to -137.14M, signaling aggressive selling pressure across spot markets. Perp order depth of +950 dwarfs spot depth at +218, making futures liquidity nearly four times stronger. Funding rates flipped negative near -0.0032%, showing the market has yet to commit to a clear direction. BTC holding $70K targets a bounce to [...]

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