BTC has bounced back to $65,000—should you buy now or wait? Three data points tell you the answer #比特

This week, BTC rebounded from $61,824 to around $65,000, but there is a clear divergence between long and short positions at the current level. The question is not whether it can still rise, but how funds should be allocated.

Three data points to watch:
1. Leverage hasn’t gotten overheated, and the rebound still has room BTC funding rate has turned back positive, but it hasn’t reached extreme levels. This suggests longs are returning, but the market hasn’t started疯狂追涨.
2. ETH is outperforming BTC, and funds are rotating In the past week, ETH’s gain is about 2.46%, stronger than BTC, indicating that capital is starting to search for high-beta mainstream assets.
3. Institutional activity is increasing; there is still pressure above. Addresses related to BlackRock have transferred BTC, a U.S. government address has deposited to Coinbase Prime, and whale funds have moved abnormally—all suggest that there is potential sell pressure above $65,000.

Current strategy: follow the trend
If BTC pulls back to $62,000–$63,000, you can look for opportunities to build positions in batches. If it breaks above $65,000–$66,000 on increased volume, consider taking short-term momentum trades—but don’t rush to go all-in chasing. Near $65,000, the more important thing is to wait for the market to give a clear direction.