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.
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.
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