InvestaHepps
Coverage of InvestaHepps in the Nexus archive.
- The market still looks more like deleveraging than actual breakdown
The market appears to be deleveraging rather than experiencing an outright breakdown, with open interest falling alongside price and stablecoin liquidity improving. However, this does not necessarily indicate a bullish market, but rather a shift in the type of weakness. The market is attempting to stabilize while working leverage out of the system.
- The market didn’t just pull back. Liquidity weakened first.
The market experienced a pullback, with liquidity weakening and netflows getting worse, making it more fragile. The price fell while open interest kept rising, indicating leverage is still in the system. This combination is different from clean demand and healthy expansion.
- The market definitely feels different this week compared to the last one.
The market environment has improved compared to the previous week, with Bitcoin recovering and altcoins reacting again, but full confirmation is still pending. The recovery happened without aggressive leverage, which is a healthier sign. However, BTC dominance remains elevated and ETH/BTC structure looks weak.