Here are the Fundings on Altcoins, and I really like what I see!
Unlike the last cleanup on March 5th. This cleanup was different, and let me explain why!
On March 5th, it was quick, violent, but the market quickly resumed its trend by hitting new highs, so traders didn't have time to suffer and they went back to LONG like crazy.
This time, it's the perfect scenario to disgust the gamblers. We're hitting higher highs and lower lows (Dow Theory) which trapped them three times in a row.
It's the kind of correction, slow and painful, that disgusts newcomers even more. We can see it in the Fundings, Spreads, Open Interest, Crypto Fear & Greed Index, Google searches, etc. In short, everywhere!
And that's where the veterans come out on top because, like good students, during the rise, they set aside cash to Buy The Dip during the next crash.
Because the newcomers PanicSell and the old ones buy back the fear.
Remember this March, which is just perfect for learning. Personally, I'm enjoying it!!
Let's reload, guys!!! 🔥