BTC Parked for the Weekend, Longs Haven’t Given UpBTCUSDTPERP PERPETUAL MIX CONTRACTBITGET:BTCUSDT.PArnoruBTC Market Analysis | 2026.11.13 19:10 EST Market bias: Further downside is more likely, but price may range over the weekend before the next direction is set Key liquidation zones: Upside 69.1K / 71.4K / 74.0K / 75.2K; downside 67.6K / 65.0K Positioning: Stay on the sidelines. Watch OI and the long/short ratio over the weekend Expected path: Ranging around 67.6K–69.1K over the weekend while OI builds. Leaving room for a bounce depending on the long/short ratio Cumulative realized liquidations (11/13 06:35 – 19:10 EST, partial feeds from 4 exchanges): Longs $27.27M / Shorts $15.32M Liquidation map long/short ratio: 69.1% / 30.9% (All Leverage, full price range), down from 72.1% OI: Down from $7.01B to $6.71B on Kingfisher Funding rate: 0.0080%, rising again even as price fell CVD: Spot: Aggregate weakened sharply to −455M. Coinbase selling widened to −917M, and Binance also declined Futures: Aggregate −9.42B, a new low for the period Key indicators to watch: Changes in the long/short ratio, whether OI builds, funding rate, Coinbase spot CVD Reassessment trigger: A hold above 69.1K and spot turning to buying Review of the previous expected path Expected (11/13 06:35 EST): A bounce, then another leg down to retest the 68.2K and 67.5K areas. If PPI came in soft and spot buying picked up, short liquidations at 70.4K–72.3K could drive a bounce PPI note (11/13 08:45 EST): The PPI bounce seemed to hit the brakes; watch buying before deciding Actual: PPI headline came in below expectations, and price rose to 70.19K at 08:35 EST but never reached 70.4K. It then broke 68.2K at 10:35 EST, fell to 67.82K at 18:15 EST, and is now around 68.4K. Assessment: “A bounce, then another leg down to retest 68.2K” played out as written, and the call that the PPI bounce would be short-lived was right. Price did not reach 67.5K and stopped just above the 67.6K line. My take on the current situation Longs still don’t seem to have given up. Funding rose again even as price fell, and the long share on the liquidation map is still high in the 69% range. Longs keep coming in every time price drops. When longs truly give up, nobody wants to buy when it’s cheap, and people only line up when it’s expensive. Bottoms usually form when no one wants to buy, but right now there are still plenty of longs trying to buy the dip. That’s why I think further downside is more likely from here. For now, though, it feels like price has parked for the weekend. I’ll leave room for a bounce depending on how OI builds and how the long/short ratio shifts as price ranges through the weekend. Have a great weekend, and I’ll keep watching how things develop. For personal record and sharing only. This is not investment advice. Feedback and corrections are always welcome. Feel free to reach out! This is all fiction. Everything is a coincidence.