Hello everyone,
The pull from last night to this morning of $BTC has made the market atmosphere quite quiet 😁😁
I don't see much hustle and bustle, mostly the excitement comes from the newbies buying the recent bottom 😂😂😂
Anyway, this morning I checked the data and saw that since the morning of November 11, the funding rate has continuously decreased from 0.13 to 0.03, and OI has also continuously decreased (Signs of Long holders taking profits, likely many spot profits as well)
=>=>=> That is the reason why MM pulled this move very strongly. It's like a father has been holding back for a long time 🥰
The total has currently reached 3T, and MM has almost not used any of this year's money while the BTC price is already 89k 😆
Currently, the funding rate is at 0.08, which is not too high in an uptrend but suitable for a normal Long sweep after the strong pull just now.
I am still gathering more data to see if this is the official peak of $BTC or just a stopping point to pull Altcoin.
Some data and analysis still need to be followed, and I will share after I have more data at this position.
***[ Let's discuss]. According to you, total 3 will pull to where:
1. 940B turnaround
2. 1.1T
3. Above 1.6T
#BULL-RUN #BullistMarket #AltSeasonComing #mememcoinseason2024 #MemeWatch2024
