Bitcoin’s $70K setup is here despite weak Spot demand – Here’s how!
Bitcoin's path to $70k faces resistance due to weak Spot demand, which fell to nearly -170k BTC, and rising leverage with funding rates up 20% in 72 hours. However, whales accumulated 66,700 BTC over 60 days, suggesting strong conviction. Short liquidations exceeded $80 million as BTC reclaimed $66k, indicating a potential squeeze.
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