The current BTC data is very important. - BTC recovered from $76,300 to $78,300 - Leverage traders are still selling - Spot demand has started recovering - Coinbase Premium is heavily negative If spot demand keeps strengthening while OI stays controlled, BTC can reclaim the $79,000 - $80,000 area again. However, if spot demand weakens while leverage starts building aggressively, I’d expect another move lower towards the $76,000 - $77,000 zone.