$BTC - Market Update (7/4)BTCUSDT Perpetual ContractBYBIT:BTCUSDT.PTealstreetBTC tagged 63.5k, though the move is looking a bit shaky now, while ETH is holding up much better. Spot have been selling into strength, offloading $28.6M in the last hour. Major sell wall is resting at 63.5s ($34.1M), so BTC may struggle to push much higher unless spot buyers' step in. Most of the current selling is coming from Hyperliquid, while the slight rise in open interest on Bybit suggests new shorts are starting to enter, adding to the spot selling coming from Coinbase. Not a bad spot to take partial profits here. We'll be looking to re-enter if 61.5k-61k holds. Have a great weekend!