The Situation That Annoys Me About Bitcoin!

Dear friends, when we look at the details of the rise in Bitcoin in a short period of time, there is no significant increase in spot purchases.

While the price is rising, the chart showing spot purchasing power moves in an almost horizontal area.

Since the graph showing the funding rate (Funding Rate) and the open transactions on the forward side increased in parallel, it is possible to say that the increase is due to the Long transactions opened on the forward side.

Expectations are being raised before Donald Trump's speech at the#Bitcoin2024conference, but it would not be right to say that this is a healthy increase without seeing an increase in spot purchases.

Therefore, please be careful in your transactions today. Be careful not to use high leverage. The warning is valid for a short period of time. Stay tuned

Via: CryptoPNZ