Whales and Chad Traders Are Shopping as Open Interest Hits ATH: FOMO or Beginning of the Golden Trail?
What's up crypto fam! 🚀 I bring you the freshest analysis of the market that is hotter than a PEPE meme.
Are you ready for the show? Bitcoin just touched $69k (nice 😏) and is just a few steps away from its ATH of $73k. It's like watching John Wick eliminating bears in the market, but with green candles!
🎯 The most BULLISH thing about the matter:
Short-term holders are in profit (bye-bye paperhands!)
The market is more bullish than Wojak after buying the dip
Futures are PUMPING like never before
But be careful my people 👀 because here comes the juicy part...
Open interest in futures just hit ATH at $32.9B - did someone say leverage?
This is more leveraged than a gym in January. CME chads are dumping $11.3B like there's no tomorrow.
Remember when everyone was saying "Bitcoin is dead"? Well well well, how the turntables... 🎵
Institutional investors are coming in harder than Thanos with the Infinity Stones. Cash-and-carry trade is giving more juice than yield farming in 2020.
Serious question: Are we in "This is fine" mode or really "We're all gonna make it"? 🤔
Liquidity is flowing like beer on Spring Break, but watch out for FOMO, kids. Remember, this is not financial advice, I'm just a monkey with a keyboard who likes to analyze charts.
🔥Conclusion:
The market is more bullish than a bull on Red Bull, but you have to keep a cool head. As the great Carlos Gardel of crypto would say: "He who rushes into crypto, ends up liquidated."
#WAGMI #ToTheMoon #DiamondHands 💎🙌 #BecomeCreator
