Cash-margined BTC futures over-leveraged. More stablecoin deposits are needed to fuel this market upwards. The funding rate has been the highest since late 2021 with CME open interest surging. Reminds me of late 2021 conditions.
https://t.co/mkNK1h0ak8 via @cryptoquant_com
Bitcoin exchange whale ratio for spot exchanges just closed at a peak on Oct. 14th. This tends to lead to short-term market corrections.
Bitcoin: Higher Whale Deposits chart https://t.co/WmooPkxqTe via @cryptoquant_com