The #BTC OI (Open Interest) weighted spot premium has hit its deepest level since the #FTX crash.
๐โ๐๐ก ๐๐๐๐ ๐กโ๐๐ ๐๐๐๐?
This significant difference between the BTC spot and futures markets, with spot prices higher, signals strong accumulation.
๐ก Why is this bullish?
- This premium is a positive indicator, suggesting that big players are buying up Bitcoin.
- Rumor has it that Saylor and other institutions might be behind this, possibly with a $2 billion #Bitcoin purchase.
โณ What to Watch For:
- These signals often take months to fully materialize, but when they do, the market could go parabolic. ๐