🔥 The growth cycle of #Bitcoin❗ is far from over. Why???

Bitcoin Heater (market health) is created from perpetual index, futures, and options weighted according to open interest. This index helps evaluate market sentiment.

This is clearly seen on the chart ⤵️

▫️ When Bitcoin Heat is above 0.8, it is usually when Bitcoin hits its peak, when greed and excitement increase.

▫️ When Bitcoin Heater is at 0.2 or lower, it often appears in times of crisis, such as COVID-19 in March 2020, China's mining ban in May 2021, and the #FTX month crash. November 2022.

▫️ Currently Bitcoin Heater is at an average level, showing a balance between greed and fear in the market. And there is a slight increase after recovering from the low of 0.2 in April, it shows that some speculative activity has re-emerged while Bitcoin sideways in the $67,000 region.

Bitcoin is still continuing to rise and shows no signs of resumption. Besides, good news is being given continuously. Most recently, ETF expert Eric Balchunas estimated that the ETH ETF approval rate was up to 75%. $ETH increased by 1 column of 300 in price, $BTC approached the 70,000 USD mark. DOM dropped nearly 1%, #altcoins❗️ all dropped 5-10%.

The price line reflects everything. It's time to choose 1 number so that #Long will also WIN. When the time comes, we can't stop it in time 😂