$BTC Orderflow Update — Still ranging, still bearish signals. Yesterday we flagged that asks were dominant + a spot CVD divergence starting to form around $77.4–77.8K. Price retraced to $76.5K during today's Asia session. We flushed late longs, open interest reset, bid/ask turned briefly neutral. We are now attempting a bounce. But asks are dominant again, same pattern. Spot CVD is making higher highs. Price making lower highs locally. Bearish divergence forming locally. Liquidation clusters around the price: - Above: $78–78.5K, dense, heavy cluster - Below: $75.6–76K, stops sitting there, local lows forming We could still see a poke toward $78–78.5K before a deeper retrace. But until spot buyers step up and price reclaims $77.7K, orderflow still reads bearish. Will update as price develops.#ICEBacksOKXOilPerps #ExchangeOSGoesLive #HYPEBullsVsBears $BTC