Bitcoin's recent leg higher from $30K to $48K is accompanied by falling volumes (falling trendline on volume chart) on Coinbase, which is considered synonymous with institutions and high net worth individuals/entities.
As such, it looks to be a leverage-driven rally, which makes BTC vulnerable to overheating of funding rates (cost of holding longs).
Unless spot market volumes pick up, BTC now looks set for a pullback to 42K. I dont need to say that it will be a buying opportunity for long-term investors.
As such, it looks to be a leverage-driven rally, which makes BTC vulnerable to overheating of funding rates (cost of holding longs).
Unless spot market volumes pick up, BTC now looks set for a pullback to 42K. I dont need to say that it will be a buying opportunity for long-term investors.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。