NodePrint

BTC dropped from 74,235 to 67,585 since yesterday. Here’s what the order flow showed. Daily: every bounce since October met seller pressure, yet daily CVD kept rising while price fell from 84k. 4H: dip buyers kept hitting the market and limit sellers absorbed it. Once buyers ran out, the breakdown came. 1H: the dump printed the strongest selling delta on the chart. 67,585 got swept and price bounced to 70,245, but the bounce came with almost no CVD behind it. Price is now below every VWAP I track, including the 180D and the yearly. Both are gone, so a downtrend continuation is on the table. The order book still leans to the buyers: the bid/ask ratio is positive at 2%, 5% and 10% depth. Resting bids sit at 67k, 65.9k and 64.9k. Open interest: shorts piled in on the drop while longs got flushed. The biggest liquidation magnet below is near 62k. Resistance: 70,000, 71,565, 74,100 Support: 67,585, 65,870, 64,200 Hold 67.6k and reclaim 70k, and a rotation toward 72k opens up. Lose 67.6k, and 65.9k, 64.2k and then the 62k magnet are next. Not financial advice.

Same 55% win rate. Same 1,000 traders. Only the position size changed. Risk 1.5% a trade: median +15% after 100 trades. Nobody blown up. Risk 25%: median −49%. 60% hit −80% along the way. The 25% group’s average? +751%. That’s the P&L screenshot on your feed. Hot CPI took out $700M+ in 24h. BTC is back at $74.3K. The longs flushed at $72.7K aren’t. Size for the volatility, not the hope.

Hot CPI yesterday. 0.4% vs 0.3% expected, core 0.3% vs 0.2%. BTC ran to $74.9K, then dumped to $72.8K in about two hours. Another round of longs got flushed, $700M+ liquidated across crypto. Footprint: the heaviest selling printed at $73.0K, right at the low. Price is back near $74K, holding just above the 200-day (~$73.2K). The leverage is back. CoinGlass shows long liquidations stacked at ~$73.3K and ~$72.6K, shorts at ~$74.75K. I didn't trade this one. The idea can still be right, but that 2.8% drop is a full liquidation at 40x. Size for the volatility, not the hope.

$19B got liquidated in one day last October. Here’s how leverage works, and how it takes your money in 3 minutes.

7 days. A $10k target. Then down $7k. Panic, or trust your setup?

Bears had BTC pinned at $76K this week. Watch till the end 🐂

Good read. It never says where the 12% comes from. Strategy paid $419.6M in preferred dividends in Q3 while software brought in $125.4M. The rest came from selling new shares, a $4.8B dollar reserve and 5,552 BTC. Their avg cost is $75.4K. BTC spent this week around $75-76K. STRC pays 12% a year, now every business day. The board sets that rate monthly and can cut it. Strategy wants STRC near $100 but isn’t obliged to keep it there. It has already spent about $2.25B buying it back. Preferred holders also stand behind ~$6.7B of debt, and $5.9B of converts can be put back to Strategy between Sep 2027 and Sep 2028. S&P rates the company B-. The return-of-capital part is US tax law. It defers the tax until you sell, and once your basis hits zero the payments get taxed as gains. Outside the US it may not work that way at all. The reserve covers roughly 3 years of payments, so nothing breaks tomorrow. It does need BTC to stay above Strategy’s cost and buyers to keep taking preferreds. I’ll be checking Monday’s 8-K for more BTC sales.