Bitcoin bounced, but the flows do not trust it ⚠️ Price snapped back to the 87k zone after a drop from 89k, yet the data still screams fragile: - Spot and perp CVDs are deeply negative - Coinbase premium sits well below zero - Futures are stacked long into local resistance Takeaway: This looks like a squeeze, not strong spot demand. Lose 87k and 84k can come into play fast. Watch CVDs and the Coinbase premium on the next push or rejection.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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