BTC: Large Perp Builds Test $75K Amid Spot Sell

BTC saw large fills clustered around $75K as perpetual futures positions stacked similarly to the prior session, yet spot flows turned decisively negative with aggressive limit selling.

Without immediate spot taker bids or absorption at current levels, the typical bounce setup stalls and leaves price exposed. On the 4h chart BTC trades at $74779.16 inside a bearish structure defined by EMA50 at $76875.54 and EMA200 at $77265.28, while MACD prints a clear death cross at -358.67; RSI at 32.95 offers neutral momentum but price already tests the lower Bollinger band support near $75137.51, raising the probability of a swift retest of that band before any sustained recovery attempt.