The markets are looking for more upside coming weeks.
The Nasdaq keeps printing more momentum and #Bitcoin is simply lagging behind.
There's no reason to not expect this upside, and I think that if we clearly break $86K in the coming months, there's a serious chance that the low is in. I already expect the low to be in with a larger percentage.
Amid $BTC decline, James Wynn's (that whale) position of 4,604 #BTC (~$491m) is about to be liquidated - liquidation price $106,338.
At its peak, his PnL over the last month was +$87m, and now he's at -$9m minus.
This divergence indicates active inflows of leveraged capital and increased interest from speculators.
โช๏ธ Binance OI reached $13.6bn - the highest since December 2024.
Open interest in bitcoin futures hits record $80.9bn
OI in futures rose $6.66bn overnight to $80.91bn - an all-time record.
Over the past 5 days, since 18 May, the OI has increased by over 23%, while the BTC price has risen by ~8%.
๐ Santiment: The #AI and #RWA themes, could be future cryptocurrency market drivers based on the increased interest in them over the past 6 months.
AI-related assets include: #GRT, #FET, #AGIX, #OCEAN, #TAO.
RWA-related assets include: #AVAX, #LINK, #ICP, #MKR, #SNX.
โ๏ธโด๏ธ #expiration#crypto#markets
January 26 (11:00 GMT) - on the Deribit exchange, the expiration of options on BTC and ETH for a total of $5.78 billion
- zone of main interest in BTC - $41,000 strike (put/call ratio = 0.52)