Weekly Engine #83

W3 February 2026

GM/GN.

Since mid-week, Bitcoin has been attempting to recover, primarily driven by the derivatives market. A local long impulse appeared toward the end of the week: Open Interest increased by +1.24% in a single day, and the Funding Rate turned positive. At the same time, the week as a whole played out in deleveraging mode - total Open Interest declined approximately 2.5%, so the current move looks more like a short-covering and risk re-entry phase than sustainable accumulation of new longs.

Regarding global support and resistance zones, see Adler AM #105 - it covers the cost basis range compression zone in detail, which is likely to become the key trading corridor in the near term.

A quick note on the Weekly Engine update: this week we retrained the model. It now correctly identifies the Bear Panic regime, but it is important to understand that “panic” in a bull cycle and a bear cycle refers to different classes of signals. The model separately identifies panic in the late stage of a bear market - in that case, signal interpretation and action scenarios will differ.

If you just joined: Weekly Engine is a weekly signal system built on 7 layers of analysis. A backtest over 11 years of history shows a return of 10x vs. classic Buy & Hold.

Now is the optimal moment for an annual subscription: you lock in the maximum discount and get priority access to the expanded Weekly Engine app functionality immediately after launch. If you have trouble paying for the annual plan by card, write to mail@axeladlerjr.com and I will send payment details for USDT or USDC.

With this issue we are adding a new layer - Trader’s Evidence.

Trader’s Evidence is a weekly one-page companion for active traders and investors who need a quick, structured market snapshot without noise or subjective narratives. Key on-chain support/resistance levels and a market stress table (sell pressure, SOPR/MVRV, Funding, OI) deliver one clear verdict: Neutral / Caution / Supports Longs and the conditions under which that picture stops being valid.

Each issue includes a ready-made prompt for LLM analysis. I recommend Claude (Sonnet 4.5 or higher), OpenAI Thinking 5.2 also works - simply paste the report data together with the prompt and get a structured interpretation of the current market picture.

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Key question of the week: has the deleveraging ended or is this a pause before the next wave? Signal and action plan below.