price surge driven by the futures market, rather than the spot market, is imminent.

With market sentiment completely dampened and funding rates remaining negative, it is a favorable time for whales to accumulate through the futures market.

In such times, a period of sideways movement, necessary for another explosive rise, is required.

Bitcoin spot accumulation has been completed during the sideways phase lasting over six months.

Now, with the intervention of the futures market, Phase 2 of the cycle may begin.

Written by Mignolet