🩸 Thursday at 5:13 PM, I was grinning at my screen.
For the first time in my 30-year DCA journey, the last episode of "extreme divergence" entered a digestion phase 1h23min after it started.
Funding situation (mark-price real-time prediction vs last settlement):
❶ BTC funding +0.00000851 (vs last time +0.00002084, dramatic narrowing -59%!!)
❷ ETH funding +0.00002255 (vs last time +0.00000725, dramatic deepening +211%!!) = for the first time in my 30-year DCA journey, I saw ETH flip positive and continue deepening over 200%
❸ BNB funding 0% (vs last time 0%, still on strike! N+1 episode!)
❹ SOL funding -0.00002992 (vs -0.00004206, dramatic narrowing -29%, ranked 4th most bearish but has retreated)
4 funding levels in 4 directions, textbook-level "extreme funding differentiation N+1 time."
Spot market (24h vs last time):
BTC $64,351 -0.944% (vs -1.216%, narrowing +0.272pp)
ETH $1,746.60 -1.276% (vs -1.682%, narrowing +0.406pp)
BNB $591.99 -1.726% (vs -2.530%, narrowing +0.804pp)
SOL $71.90 -0.691% (vs -1.713%, narrowing +1.022pp)
All 4 levels of decline dramatically synchronized, but all still negative = "extreme divergence digestion phase" signal.
Most dramatic: BTC funding narrowed -59% vs ETH funding deepened +211%, the funding situation gave completely opposite signals for BTC and ETH in the same hour! Last time BTC + ETH both flipped positive vs this time all spot flipped bearish extreme divergence, this funding situation divergence (BTC narrowing + ETH deepening + SOL narrowing) + spot declines synchronized narrowing = divergence is being repaired but not completely reversed.
FNG=15 "extreme fear" drama maintained (last time 15, 6/17 22 → 6/18 15 dramatic breach of 7 layers then maintained for 2h+), for the first time in 30 years of DCA, I saw FNG=15 deadlock for 2h+.
Social Hype: BTC 2,008,678 Positive historical high!! (+160% surge, Musk's net worth exceeding BTC market cap + BlackRock pushing BITA covered-call ETF + Andrew Tate 40x Long). ETH 282K (BitMine+Glamsterdam). ASTER 796K maintained. SOL 210K cooling down -12% (Backpack tokenized stock $187.9M). CARDS 102K new. AMERICA 41K (AMERICA IS BACK Rally continues). CLAW 38K new.
Smart Money 24h: mainstream 4 levels zero!! BSC uniformly Remove Holdings (crab effect 16smart / layout 13smart 100% exited / spaceXcoin 12smart). Solana MEEP 4smart maxGain 201%! / XP 6smart maxGain 79.5%.
3 days new scoop:
🌍 Fed's Warsh debut: interest rate maintained at 3.50-3.75%, officially canceling forward guidance, rate hike probability skyrocketing to 49%
🛢️ US-Iran 14-point MOU + 60-day window + oil prices drop below $80
🏢 SpaceX market cap $2.95 trillion, Musk's net worth $1.4 trillion exceeding BTC
💼 BlackRock pushing BITA covered-call ETF
🏦 Kraken launches CFTC regulated perpetual futures
🌐 Botanix Labs shuts down BTC Layer 2
💸 STRC strategy drops to $91.79
💰 ETF: BTC net inflow $10.06 million / ETH net inflow $9.58 million
30-year DCA episode 121 just wrapped at 15:57, BTC $64,351 floating loss, BNB $591 floating loss.
What do you all think, in the "extreme divergence digestion phase" script, which will reverse first, the spot market or the funding situation?
#DCA日记 #B30Y #FundingRate