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Hassan Nagyal
Exactly. The weak NFP was bullish on paper, but BTC’s rejection around $87K shows the market is still more focused on liquidity and positioning than the headline data.
With OI and funding already elevated, another failed attempt at $87K could mean more leverage gets flushed before any real breakout.
$87K–$87.3K is the level to watch. Reclaim it with healthy positioning, and the setup changes significantly.
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