Shorts are getting very aggressive here.
Lets take a closer look and I can help you all understand.
It's going to be very interesting to see how this moves continues.
At the top, price. Pushing. Good.
Second down, Open interest, this is essentially leverage. Increasing, traders are apeing hard.
Third down, Spot volume... pushing nicely with price. Healthy. People are buying this rally with spot.
Fourth down, Funding. This gives us an idea which side is apeing harder. Neagtive, shorts are pushing more, positive, longs are pushing more.
Fifth down, Coinbase premium. Shows us the price difference between btc traded on coinbase nd the global market average. Positive signals strong buying pressure n the US market = good.
So what we have here is:
1. Price pushing
2. Leverage increasing
3. Spot also increasing
4. Highly negative funding
5. Positive premium
When you put this together we see that price is moving organically from spot buying and coinbase premium, whilst leverage is increasing but its much more on the short side.
What this means is that spot can continue to push the price up whilst traders ape shorts and create fuel for even higher if they get squeezed.
Its not an exact science, but its very notable how things are looking here.
Its an overall healthy move higher, and the price action also looks impulsive to me.
Watching closely today to see if we get a pivot here,
🚨Crypto will collapse in 2 years
By 2027, quantum computers will hack any wallet
TRILLIONS in BTC, ETH and stablecoins will be stolen
Here’s what happens next and how to protect your crypto👇🧵
https://t.co/vf18Ybfr5P
First coin on pump fun! Big things are in the making!
Stop trading and believe in it !
I Will update you Guys later
#pumpfun#crypto#memecoin
Life will knock you down to humble your ass,
Then it will isolate you to forge you.
And when you're ready,
It gives it all back,
10x more.
To show you none of it was random.
Trust the process
The great crypto bubble has burst, and it’s clearer than ever, yes people love to say:
‘’whats bubble:
Btc is still at 100k!’’
But who cares, no one of us holding Btc, we are mostly degen.
Every major project tied to this cycle’s main narratives, AI Agents, AI, and Memecoins , collapsed to zero in the blink of an eye this week. From Wif to Pnut, Griffain to Fartcoin, and even Trump, which is no different from the past notorious celebrity coins. This is type of things we only see at the top of the cycle, these are not just classic dips, anymore, right , like happened in Nov 2021 with Floki or Shib or any others main narrative back in those days
People laughed at me for all these weeks, once again.
Just like when I said that Solana at $8 was the biggest opportunity out there, or that SUI would be the next big thing. Or when I called TIA’s top at $20 at the peak of the hype, or SUI exactly at $5.2.
https://t.co/Pf3AwpDgEs
Likewise, I warned multiple times that the memecoin bubble was about to burst, and it was so obvious.
https://t.co/3u5mMZxIBy
And right after that, the AI Agents bubble was going to crash even faster and more violently.
https://t.co/b2wXD5Vgnt
I also said that people were overhyping everything about Trump, that his memecoin was just a cash grab, and that it would destroy the sector, not bring in new money and send everything to the moon like everyone claimed. I had already said months ago that I would sell everything upon his arrival.
https://t.co/m2BMEUQRqd
Or dont listen to Murad and his dumb theory.
https://t.co/tB6VwzgOxZ
I’ve been super bullish since last summer. I supported the thesis that Ethereum would reach a new all-time high, and that we couldn’t expect a market top before seeing that or a drop in Bitcoin dominance. But while the signs of the bubble were right in front of me, I still issued warnings.
When I saw Ethereum approaching its all-time high, things were already starting to go wrong before Trump’s arrival. The Fed’s shift in stance was the turning point:
•In September’s FOMC, the message was: “The era of rate cuts has begun.”
•By December, the tone had changed to: “Things have changed, and inflation is moving away from the 2% target.”
And with that, the 2025 rate cut narrative disappeared.
https://t.co/2KTRi6fGht
At that point, I hit the button, fearlessly and without hesitation, declaring that it was over. Clearly. And people mocked me en masse, even asking if my account had been hacked. I know i was very bullish , but i dont need to look at engagments post, my only intent was to share with you what I was seeing coming, a good trader react, doesnt predict.. The dark clouds were clearly coming. Im just someone like you, who makes mistakes like you, but at least I consider myself honest and not afraid to change my mind promptly, I have never fooled anyone in my life.
https://t.co/KhrUyvul2V
But reality was right there, in front of everyone’s eyes, inevitable. Now, there’s nothing left to laugh about.
I said the same thing at the pico top of memecoin mania back in October 2021.
People never learn.
https://t.co/nBDSVecp6v
P.S. I don’t think we’ll see a prolonged bear market. The stock market still needs to crash, NVDA has to drop to $90-70, while NASDAQ and S&P 500 should return to around 5000 points.
The market will recover once the rate cut narrative returns, probably not before May. And when it happens, the rebound will be as exciting as ever.
Next time icons like Ansem, Murad or even Trump appear, remember that they are not there to make you rich, but only to take care of their business and farm you. Stop giving the scepter and too much power to those.
I won't be here to take insults anymore. Im sorry.
Just a goodbye to all.
Love you.