Three weeks in a row, Bitcoin closed above the May high at $82,824. On Thursday it fell straight through it, down to about $79,800, and roughly $194 million of futures bets were wiped out on the way.

Today it's sitting right back on that line.

In today's video, Oz and Doc walk through what actually happened:

  1. Why the drop came from a wave of forced closes, and why the bounce that followed was fuel from the other side.
  2. The sell orders around $82,100 to $82,300 that kept vanishing every time price got close. It happened 31 times overnight.
  3. A first look at the order book tool we've been testing, live on screen as the walls filled or disappeared.
  4. The one thing Oz is watching on Sunday's weekly close, and what each outcome would mean.

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See you Monday for the final part of the Bitcoin on-chain series.

Oz and Doc
The Markets Unplugged

Education and research, not financial advice.