$BTC Order book depth has remained heavily red around this region, which isn’t exactly a bullish sign. That’s why staying cautious near the highs still makes sense. The ideal time to bid aggressively is when delta flips strongly positive and starts printing green — a signal that real accumulation is stepping in. Until then, being a buyer up here carries risk. Most of the moves currently look driven by leverage and liquidity hunts rather than strong spot demand. #MarketOverloadWeek #OnChainBeatsNasdaq