This is a very healthy rise off the lows.
Price moving up thanks to a consistent spot bid as Coinbase premiums return for the first time since our highs. Perp participation relatively flat.
Meanwhile OI continues to decline as shorts cover on the grind up. Funding remains negative.
Smells like disbelief.
$BTC
I think right now is the best example ive seen in my 47 years of trading of why alot of people will never make it and dont make any money
you have the biggest hedge funds in the world openly shilling bitcoin live on TV and buying hundreds of millions of dollars per day
the FA is overwhelming, its honestly astounding the mental gymnastics people are going through to be anything other than ridiculously bullish
@CryptoJelleNL Every cycle btc has always hit at least the 618 which is around 175k..why different this time with the most bullish catalysts of all cycles combined with the etfs and sec backing off and president's/politicians acknowledging crypto more than ever