BTC This is the impulsive move I was talking about in my update earlier today. Price has reacted strongly from a local support level and is now pushing towards the equal highs around $64.7k. Meanwhile, funding is slowly decreasing, indicating that perps are still leaning long, but not as heavily as before. Open interest, on the other hand, keeps cooling off, which is a good sign, as it suggests that leverage is getting flushed out of the market. That, paired with the fact that this pump has been supported by strong spot demand, makes this move look quite healthy. If buying interest doesn't fade, we could see a push above $65k, with a possible extension towards $67k if bullish momentum remains strong enough.(Max Trades)