BTC has been trading in a tight range near $64,000 for weeks, with volatility dropping to levels rarely seen in years.
Leveraged long positions are paying their highest rates in 20 months, yet spot capital has yet to flow in significantly.
When the market goes this quiet while remaining so heavily positioned, it is usually gearing up for a major move.
The question isn't whether it will move but in which direction it will break first.
#BTC #Market
Leveraged long positions are paying their highest rates in 20 months, yet spot capital has yet to flow in significantly.
When the market goes this quiet while remaining so heavily positioned, it is usually gearing up for a major move.
The question isn't whether it will move but in which direction it will break first.
#BTC #Market